CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
cryptonews 2023-08-15 13:00:00

Sam Bankman-Fried Faces New Allegations: DOJ Claims Stolen Funds Used for Political Donations

Sam Bankman-Fried, former CEO of now-defunct crypto exchange FTX, is facing new allegations from the Department of Justice (DOJ), including the embezzlement of customer funds. According to an indictment filed on Monday, Bankman-Fried is accused of misappropriating and embezzling customer deposits from FTX, using the stolen funds to make over $100 million in political campaign contributions ahead of the 2022 US midterm elections.... Read More: Sam Bankman-Fried Faces New Allegations: DOJ Claims Stolen Funds Used for Political Donations

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.