SBF gets 25 year jail sentence for FTX fraud
FTX filed for bankruptcy in November 2022, and SBF was arrested in the Bahamas in December 2022 and extradited to the US for trial.
FTX filed for bankruptcy in November 2022, and SBF was arrested in the Bahamas in December 2022 and extradited to the US for trial.
The DOJ has confirmed that Samuel Bankman-Fried was convicted of wire fraud conspiracy, wire fraud, and conspiracy to commit money laundering.
The DOJ seeks an order authorizing intervention and staying the CFTC proceedings until the conclusion of the parallel criminal case.
Samuel Bankman-Fried allegedly concealed his diversion of FTX customers’ funds to crypto trading firm Alameda Research.
Officers of the Financial Crimes Investigation Unit (FCIU), arrested Bankman-Fried shortly after 6:00 p.m. on December 12, 2022.