The U.S. Division of Justice (DOJ) has requested victims of former FTX CEO Sam Bankman-Fried (SBF)’s fraud to return ahead. The previous FTX govt has been charged with “defrauding prospects of FTX.com, traders in FTX.com, and lenders to Alameda Analysis,” the Justice Division famous.
DOJ Urges Victims of SBF Fraud to Come Ahead
The U.S. Division of Justice (DOJ) reached out to victims of Sam Bankman-Fried (SBF)’s fraud by way of its web site Friday, explaining their rights and asking them to return ahead. Bankman-Fried co-founded FTX and served as its CEO when the crypto alternate filed for bankruptcy in November final 12 months.
The DOJ wrote:
Should you consider that you’ll have been a sufferer of fraud by Samuel Bankman-Fried, a/ok/a ‘SBF,’ please contact the sufferer/witness coordinator at the US Legal professional’s Workplace … for help in verifying whether or not you’re a sufferer on this case.
The Justice Division defined that on Dec. 13, 2022, “an eight-count indictment was unsealed charging Samuel Bankman-Fried with defrauding prospects of FTX.com, traders in FTX.com, and lenders to Alameda Analysis.”
The DOJ detailed: “Bankman-Fried is charged with wire fraud, conspiracy to commit wire fraud, conspiracy to commit commodities fraud, conspiracy to commit securities fraud, conspiracy to commit cash laundering, and conspiracy to defraud the US and violate the marketing campaign finance legal guidelines.”
Prosecutors are required by federal regulation to contact attainable crime victims to tell them of their rights.
Nonetheless, in courtroom papers filed on Friday, federal prosecutors in Manhattan requested U.S. District Decide Lewis A. Kaplan, who has been assigned to the SBF case, for permission to make use of an internet site to inform victims, moderately than contacting every individually. They claimed that the collapsed crypto alternate FTX might owe cash to a couple of million individuals, making it “impracticable” to contact every individual.
Bankman-Fried, who’s at present at his mother and father’ home on a $250 billion bond, has pleaded not guilty to fraud prices. In the meantime, the DOJ has moved to seize shares of Robinhood Markets (Nasdaq: HOOD), value about $460 million, linked to the previous FTX boss.
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