The U.S. Division of Justice (DOJ) has requested victims of former FTX CEO Sam Bankman-Fried (SBF)’s fraud to return ahead. The previous FTX government 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 return ahead. Bankman-Fried co-founded FTX and served as its CEO when the crypto alternate filed for chapter in November final yr.
The DOJ wrote:
Should you imagine that you will have been a sufferer of fraud by Samuel Bankman-Fried, a/okay/a ‘SBF,’ please contact the sufferer/witness coordinator at america 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 america and violate the marketing campaign finance legal guidelines.”
Prosecutors are required by federal regulation to contact attainable crime victims to tell them of their rights.
Nonetheless, in court docket papers filed on Friday, federal prosecutors in Manhattan requested U.S. District Choose 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 alternate FTX might owe cash to multiple million folks, making it “impracticable” to contact every individual.
Bankman-Fried, who’s at present at his dad and mom’ home on a $250 billion bond, has pleaded not responsible to fraud prices. 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 concentrate on the DOJ asking victims of Sam Bankman-Fried’s fraud to return ahead? Tell us within the feedback part beneath.
Picture Credit: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This text is for informational functions solely. It isn’t a direct provide or solicitation of a proposal to purchase or promote, or a advice or endorsement of any merchandise, providers, or firms. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, immediately or not directly, for any harm or loss precipitated or alleged to be attributable to or in reference to the usage of or reliance on any content material, items or providers talked about on this article.
