'House of cards on foundation of deception': SEC charges shamed Sam Bankman-Fried with defrauding FTX equity investors out of $1.8BILLION by diverting funds to privately-held crypto hedge fund
The Securities and Exchange Commission has charged Sam Bankman-Fried with defrauding FTX equity investors out of $1.8 billion, in what regulators called 'a house of cards on a foundation of deception.'The shamed entrepreneur and founder of cryptocurrency exchange FTX is accused of diverting funds to a privately-owned crypto hedge fund.
In a statement, the SEC said it would seek an injunction to prevent Bankman-Fried from future securities trading except for his personal account and a civil penalty, among other actions. Separate charges would be announced by the U.S. Attorney's Office for the Southern District for New York and the Commodity Futures Trading Commission later on Tuesday, the SEC said.
Read about Sam...
3 comments:
He is just following the elected, government, and powers that be, all greedy selfish corrupt, fraudulent and pigs, slaves for the devil!
Imagine putting your assets into the hands of this "simpleton"
Well we're all putting our assets and selves into the powers of the US government and it's just as bad because they're just as much greedy selfish fraudulent corrupt mediocre and simpletons as well the government is pure evil and look what they've done to our country and it's poor people here they're control, just pure evil slaves of the devil! 👿
Post a Comment