FTX founder Sam Bankman-Fried expected to enter plea next week – IOTW Report

FTX founder Sam Bankman-Fried expected to enter plea next week

JTN: Former cryptocurrency mogul Sam Bankman-Fried is slated for an arraignment on Jan. 3, 2023, wherein he is expected to enter a plea in connection with criminal fraud charges he faces over the collapse of FTX.

The digital currency witnessed a near-complete collapse in late November, with investors simultaneously attempting to withdraw their stakes in the firm, leaving it unable to fully remunerate them. Reports quickly emerged of missing assets and suspicious transfers to FTX’s sister firm, hedge fund Alameda Research.

The Department of Justice announced in December that it was investigating a multi-million dollar hack of the company that occurred shortly after FTX filed for bankruptcy. more

12 Comments on FTX founder Sam Bankman-Fried expected to enter plea next week

  1. Will the DOJ represent us [U.S.] or Them?

    If you hear talk talk of a quick plea cop
    You know the FIX is in.
    After a quick break
    Up Next

    The Further Financial Adventures of Robinhoods
    Plastic Forks and Bank Bowls

    2
  2. Found in the Wild
    (Any mod want to linkalise it?)

    Following is http not https
    S is BS. Just Money Grubbing for Money Credits.
    Read this:

    h.t.t.p://theeconomiccollapseblog.com/the-mega-bubbles-have-started-to-burst-and-that-could-mean-unprecedented-financial-chaos-is-ahead/

    The above is also not HEX. Old School HTTP.

    The Mega Bubbles Have Started To Burst
    Financial Chaos Ahead

    Welcome 2023

    2
  3. Once he pleads guilty and takes this plea deal,Sam Bankman-Fried, can be subpoenaed to testify before any Congressional Committee investigating this farcical Fraudster. He cannot claim his testimony will place him in legal jeopardy unless it relates to crimes he hasn’t been sentenced for in his plea deal. I’ll bet Garland’s Justice Department won’t be charging him with any campaign contribution violations, which will allow him to Plead the Fifth to prevent that cesspool from being opened. His Shyster parents are sweating like Menendez Brothers about now, since they probably don’t have anything to bargain with to avoid civil litigation for their part in this successful calamity.

    2

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