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FTX scandal: Sam Bankman-Fried let go by his followers

2022-12-22T19:06:29.630Z


STORY - Two of his closest lieutenants pleaded guilty to conspiracy to defraud and agreed to cooperate.


With drawn features, slightly sunken cheeks and a pale complexion after a first week spent in prison in the Bahamas, Sam Bankman-Fried arrived in the United States overnight from Wednesday to Thursday, after agreeing to be extradited.

The founder of bankrupt crypto-asset exchange FTX was due to appear before a federal judge in New York on Thursday, to face eight counts, including wire fraud, money laundering and rule violation financing of election campaigns.

110 years in prison incurred

The noose is rapidly tightening around the man who repeated in public interviews in November that he had

"never tried to defraud anyone"

, only recognizing

"errors in risk management"

.

The investigations carried out by both the American justice system and the two main financial regulators (the Securities Exchange Commission and the Commodity Futures Trading Commission) are accumulating evidence to show, on the contrary, that Sam…

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Source: lefigaro

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