Continuing from FTX goes after funds donated to charities:
Friedman to go to jail
In October, SBF will face trial on several charges of fraud and conspiracy. He violated his communication bans and used a VPN to browse the internet.
They make billions, but they don’t know how to use Tor. Then larger institutions eat them up as if they were whales.
Federal Judge Lewis A. Kaplan in Manhattan, New York, asserted during the hearing that SBF used the VPN to watch a football game on an unauthorized account. According to allegations, the accused signed up from the Bahamas.
Lewis A. Kaplan ruled that Bankman-Fried’s bond, for which he paid USD 250 million, will be revoked. Therefore, the businessman institutional scammer will have to be held in jail.
https://www.criptonoticias.com/judicial/sam-bankman-fried-carcel-fianza-revocada/
He paid Democrats and Republicans
BANKMAN-FRIED misappropriated and embezzled deposits of FTX customers, and used billions of dollars in stolen funds for a variety of purposes, including, among other things, to enrich himself; to support FTX operations; to fund speculative venture investments; to help fund over a hundred million dollars in campaign contributions to Democrats and Republicans to try to influence cryptocurrency regulation; and to pay for the operating expenses of Alameda.
BANKMAN-FRIED also made, and conspired with others to make, false and fraudulent statements and representations to FTX investors and Alameda lenders, including by providing false financial information to those investors and lenders.
Nothing new under the sun; this will be massive, and he won’t be the only one to fall.
Caroline Ellison, CEO of Alameda Research, has been sentenced to 24 months in prison for her role in the collapse of FTX.
She must also forfeit $11 billion.
Ellison pleaded guilty to two counts of wire fraud and five counts of conspiracy in 2022 as part of a cooperation agreement with the government.
Her diaries have appeared in the pages of The New York Times, and her psychiatrist gave an interview about her to Michael Lewis for his book Going Infinite.
She has been unable to find paid work and is afraid to go out in public, according to documents filed by her lawyers.
This account was corroborated by the prosecution, who wrote: “The government cannot think of another cooperating witness in recent history who has received a greater level of attention and harassment.”