U.S. Authority Alleges That SBF Donated to Politicians Using Other People’s Name
An indictment filed by the Southern District of New York (SDNY) alleged that the arrested FTX founder Sam Bankman-Fried made political donations in the name of other persons.
White House Silent on Whether It Will Return $5.2M in Donations From SBF
White House press secretary, Karine Jean-Pierre, declined to answer questions from a reporter on whether United States president Joe Biden will return the $5.2 million in campaign donations previously given by FTX founder Sam Bankman-Fried. “Will the president return that donation?” Associated Press reporter Zeke Miller asked in a Dec. 13 press briefing, “does he call on all politicians who got campaign donations that may have come from customer money to return those funds?” (Cointelegraph)
SBF to Spend Christmas in Prison After Being Denied Parole by the Bahamas
On December 13, 2022, Bahamian authorities denied parole to Sam Bankman-Fried, also known as SBF, after he was charged by U.S. lawmakers with eight counts of financial fraud.
SBF, FTX, Alameda Sued by the CFTC for Commodities Laws Violations
The CFTC is the latest regulatory agency to charge SBF, FTX and Alameda with violating existing commodities laws and regulations.
‘You Can Commit Fraud in Shorts and T-shirts in the Sun,’ Attorney Says on SBF Indictment
Damian Williams, United States Attorney for the Southern District of New York, said the investigation in the collapse of FTX was ongoing, hinting at additional announcements on potential arrests in the future. He called on individuals who may have been involved in alleged illegal actions at FTX and Alameda to “come see us before we come see you.”
XRP Holders Appalled As SEC Fails to Charge SBF for Selling an Unregistered Security
XRP holders have taken to Twitter to criticize the US Securities and Exchange Commission for failing to classify FTT as an unregistered security in its charges against Sam Bankman-Fried today.
SBF Wanted to Keep SEC Out of Crypto Regulation: FTX Hearing
The Congressional hearing on the FTX crisis is turning out to be very interesting with the comments from CEO John J. Ray III. As Sam Bankman-Fried continues to be in police custody in the Bahamas, CEO John Ray testified before the committee on Tuesday.
The Arrest of Sam Bankman-Fried Only Marks the Start of Expected Lengthy Legal Proceedings
The arrest of SBF in the Bahamas is only the start of what is expected to be a lengthy legal proceeding that could involve extradition to the US.
CFTC Charges SBF, FTX Trading and Alameda With Fraud and Material Misrepresentations
The Commodity Futures
Trading Commission (CFTC), the United States derivatives market regulator, on
Tuesday charged Sam Bankman-Fried, the Founder and former CEO of bankrupt cryptocurrency
exchange, FTX, with “fraud and material misrepresentations in connection with
the sale of digital commodities in interstate commerce.”
Bahamian Government Officials Allegedly Asked SBF to Mint Millions of Dollars in New Tokens
Lawyers have accused the government of The Bahamas of asking SBF to mint new digital tokens worth millions of U.S. dollars. The tokens were allegedly given to Bahamian officials, FTX’s legal team said. FTX’s new CEO John J. Ray III and his team noticed that new tokens were being issued and suspected that SBF and FTX co-founder Gary Wang were the executives who worked on orders stemming from Bahamian officials.
