DOJ Asks Victims of Sam Bankman-Fried’s Fraud to Come Forward – Featured Bitcoin News
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The US Department of Justice (DOJ) has asked victims of fraud by former FTX CEO Sam Bankman-Fried (SBF) to come forward. The former FTX executive is accused of “defrauding FTX.com customers, FTX.com investors and Alameda Research lenders,” the Justice Department noted.
DOJ urges victims of SBF fraud to come forward
The US Department of Justice (DOJ) contacted victims of Sam Bankman-Fried (SBF) fraud on its website on Friday, explaining their rights and asking them to come forward. Bankman-Fried was one of the founders of FTX and served as its CEO when the crypto exchange filed for bankruptcy in November of last year.
If you believe you may have been a victim of fraud by Samuel Bankman-Fried, a/k/a “SBF”, contact the US Attorney’s Office Victim/Witness Coordinator … for assistance in verifying whether you are a victim. in this case.
The Justice Department explained that on December 13, 2022, “an eight-count indictment charging Samuel Bankman-Fried with defrauding FTX.com customers, FTX.com investors, and Alameda Research lenders was unsealed.”
The DOJ elaborated: “Bankman-Fried is charged with bank fraud, conspiracy to commit bank fraud, conspiracy to commit commodity fraud, conspiracy to commit securities fraud, conspiracy to commit money laundering, and conspiracy to defraud the United States and violate campaign finance laws.”
Prosecutors are required by federal law to contact potential crime victims to inform them of their rights.
However, in court documents filed Friday, federal prosecutors in Manhattan asked U.S. District Judge Lewis A. Kaplan, assigned to the SBF case, to use the website to report victims instead of contacting each one individually. They claimed that the collapsed crypto exchange FTX could owe more than a million people, making it “impossible” to contact each person.
Bankman-Fried, who is currently staying with her parents on a $250 billion bond, has pleaded not guilty to the fraud charges. Meanwhile, the DOJ has moved to seize approximately $460 million worth of Robinhood Markets (Nasdaq: HOOD ) shares linked to the former FTX boss.
What do you think about the DOJ asking victims of the Sam Bankman-Fried fraud to come forward? Let us know in the comments section below.
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