The U.S. Division of Justice (DOJ) has requested victims of former FTX CEO Sam Bankman-Fried (SBF)’s fraud to come back ahead. The previous FTX govt has been charged with “defrauding clients of FTX.com, buyers in FTX.com, and lenders to Alameda Analysis,” the Justice Division famous.
DOJ Urges Victims of SBF Fraud to Come Ahead
The U.S. Division of Justice (DOJ) reached out to victims of Sam Bankman-Fried (SBF)’s fraud by way of its web site Friday, explaining their rights and asking them to come back ahead. Bankman-Fried co-founded FTX and served as its CEO when the crypto change filed for chapter in November final 12 months.
The DOJ wrote:
For those who imagine that you could have been a sufferer of fraud by Samuel Bankman-Fried, a/okay/a ‘SBF,’ please contact the sufferer/witness coordinator at the US Legal professional’s Workplace … for help in verifying whether or not you’re a sufferer on this case.
The Justice Division defined that on Dec. 13, 2022, “an eight-count indictment was unsealed charging Samuel Bankman-Fried with defrauding clients of FTX.com, buyers in FTX.com, and lenders to Alameda Analysis.”
The DOJ detailed: “Bankman-Fried is charged with wire fraud, conspiracy to commit wire fraud, conspiracy to commit commodities fraud, conspiracy to commit securities fraud, conspiracy to commit cash laundering, and conspiracy to defraud the US and violate the marketing campaign finance legal guidelines.”
Prosecutors are required by federal legislation to contact potential crime victims to tell them of their rights.
Nevertheless, in court docket papers filed on Friday, federal prosecutors in Manhattan requested U.S. District Decide Lewis A. Kaplan, who has been assigned to the SBF case, for permission to make use of a web site to inform victims, somewhat than contacting every individually. They claimed that the collapsed crypto change FTX might owe cash to a couple of million individuals, making it “impracticable” to contact every particular person.
Bankman-Fried, who’s at the moment at his mother and father’ home on a $250 billion bond, has pleaded not responsible to fraud expenses. In the meantime, the DOJ has moved to grab shares of Robinhood Markets (Nasdaq: HOOD), value about $460 million, linked to the previous FTX boss.
What do you consider the DOJ asking victims of Sam Bankman-Fried’s fraud to come back ahead? Tell us within the feedback part under.
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