The Sam BankmanFried Case Is Not About Crypto, Its About Fraud

The Sam BankmanFried Case Is Not About Crypto, Its About Fraud

Regardless of what anyone believes about cryptocurrency – whether they believe cryptocurrency is the future of money or whether they believe cryptocurrency is just a fad or scam – the most common misconception surrounding Sam Bankman's upcoming trial is Fried. Also known as SBF, it is related to cryptocurrencies.

Twenty years ago, special agents from the Drug Enforcement Administration and Internal Revenue Service, along with the United States Attorney for the Southern District of Florida, led an investigation that led to the indictment of a drug trafficking organization. Cocaine and heroin flowed into America, financed in part by Miami real estate. However, this was not the case with real estate. This includes drug trafficking and organizing financial transactions to circumvent reporting requirements.

The same goes for Bankman Fried, founder of cryptocurrency trading company Alameda Research and CEO of well-known cryptocurrency exchange FTX. Cryptocurrency is not studied. The lawsuit against Bankman-Fried is not related to cryptocurrencies. We are talking about cheating.

claim

The seven-count indictment accuses Bankman-Fried of wire fraud against FTX customers. conspiracy to commit wire fraud against FTX customers; Alameda Research Corporation, Wire Fraud; Alameda Research conspiracy to defraud lenders; conspiracy to commit securities fraud against FTX investors; Conspiracy to commit commodity fraud against FTX customers in connection with the purchase and sale of cryptocurrencies and exchange transactions; And conspiracy to commit money laundering.

Posting Komentar (0)
Lebih baru Lebih lama