A class-action lawsuit claims that Silvergate Bank played an “integral” role in the alleged fraud at Sam Bankman-Fried’s crypto exchange FTX. The plaintiffs are Joewy Gonzalez...
Tag: Fraud
OneCoin co-founder Karl Sebastian Greenwood pleads guilty: DOJ
Karl Sebastian Greenwood pled guilty to wire fraud and money laundering connected to the fraudulent OneCoin scheme, the Department of Justice announced. Greenwood co-founded OneCoin along with s...
The Crypto Ice Age Is Here. It Could Get Even Worse.
For crypto investors, the only thing to celebrate about 2022 is that it is almost over. The industry is fighting for its life amid a cascade of scandals, bankruptcies, and fury in Washington over its ...
The Madoff Playbook: How FTX Creditors Could Get Their Money Back
As there is much to be unraveled about the crash of FTX, a pressing question for the crypto exchange’s creditors remains how and when they could get back lost funds. Some have compared FTX founder Sam...
CFTC Says Bitcoin, Ethereum and Tether Are Commodities in Fraud Complaint Against FTX Founder Sam Bankman-Fried
The U.S. Commodity Futures Trading Commission (CFTC) is listing three crypto assets that it considers to be commodities. In a fraud complaint filed in the United States District Court for the Southern...
SEC takes aim at influencers for securities fraud; SBF allegedly made political donations in others’ name
The biggest news in the cryptoverse for Dec. 134 includes CryptoSlate’s analysis suggesting that the bottom for Bitcoin may not be in yet and Congressman Tom Emmer alleging that SEC Chairman Gary Gens...
Congressman Tom Emmer alleges SEC Chairman Gensler was aware of FTX fraud
U.S. Congressman Tom Emmer has alleged that SEC Chairman Gary Gensler knew that FTX was fraudulent, but still held meetings with the disgraced founder Sam Bankman-Fried. Recent developments saw Dec. 1...
Atlas Trading founders targeted by SEC for alleged fraud via Twitter and Discord
Known on Twitter as Zack Morris and PJ Matlock, the founders of Atlas Trading and several alleged co-conspirators have been accused of stock manipulation by the U.S. Securities and Exchange Commission...
‘You can commit fraud in shorts and T-shirts in the sun,’ says SDNY attorney on SBF indictment
Damian Williams, United States Attorney for the Southern District of New York, said the investigation leading to charges against former FTX CEO Sam Bankman-Fried had been “very, very fast” but prosecu...
Indictment against SBF unsealed, contains 8 counts of financial and elections fraud
The indictment against Sam Bankman-Fried (SBF) was unsealed Dec. 13. The indictment, signed by U.S. Attorney for the Southern District of New York Damian Williams, is 14 pages long and contains eight ...
CFTC Slaps FTX’s SBF with Fraud Charges
Alex Dovbnya The CFTC has followed the Justice Department and the SEC by filing fraud charges against former FTX CEO Sam Bankman-Fried The Commodity Futures Trading Commission has formally filed fraud...
Manhattan Court Finds FTX Founder SBF Guilty To Wire Fraud
The FTX founder has found himself in a whirlwind of federal indictments today, with the Securities And Exchange Commission charging Sam Bankman-Fried with defrauding investors by using billions of dol...
CFTC files lawsuit against Sam Bankman-Fried, FTX, and Alameda for fraud
The United States Commodity Futures Trading Commission, or CFTC, has filed a lawsuit against Sam Bankman-Fried, FTX and Alameda Research, claiming violations of the Commodity Exchange Act and demandin...
Bankman-Fried Fraud Used ‘Dirty Money’ in DC, US Prosecutor Says
(Bloomberg) — FTX cryptocurrency exchange founder Sam Bankman-Fried is responsible for “one of the biggest financial frauds in American history” and the investigation of the alleged scheme is “v...
FTX fallout continues with Bankman-Fried arrest. But where is former Alameda CEO Caroline Ellison?
FTX founder Sam Bankman-Fried is squarely in the spotlight following his arrest in the Bahamas, but attention is also focused on the whereabouts of Caroline Ellison, former CEO of Alameda Research, th...
CFTC drags SBF to court for fraud
The Commodities Futures Trading Commission has slammed a lawsuit on the CEO of the defunct exchange FTX. According to the filing, the exchange, alongside Alameda Research, a sister company, was listed...
Sam Bankman-Fried Hit With Six Counts of Fraud and Two More Charges in New Indictment
Disgraced former FTX CEO Sam Bankman-Fried has been hit with a lengthy list of charges from federal prosecutors in a newly unsealed indictment. According to the indictment issued by the Southern Distr...
Sam Bankman-Fried Charged With Eight Criminal Counts—Including Wire Fraud And Campaign Finance Violations
Topline U.S. prosecutors unsealed eight criminal counts against Sam Bankman-Fried on Tuesday, charging the former FTX boss and one-time cryptocurrency billionaire with wire fraud, money laundering and...
For SBF and FTX, the fraud started from day one. That and other revelations from the SEC
Sam Bankman-Fried was charged with fraud by the U.S. Securities and Exchange Commission over the collapse of FTX, the crypto exchange he founded. The former CEO was accused of “orchestrat...
US Securities Watchdog Charges Sam Bankman-Fried With Fraud Over FTX Collapse – Bitcoin News
According to a statement published on Dec. 13, 2022, the U.S. Securities and Exchange Commission (SEC) has charged the disgraced FTX co-founder Sam Bankman-Fried (SBF) with defrauding investors. SEC c...
Here’s What SBF is Facing After the SEC Charged Him With Fraud
The United States Securities and Exchange Commission officially charged Sam Bankman-Fried with defrauding investors in FTX. The Chairman of the SEC, Gary Gensler, said: We allege that Sam Bankman-Frie...
Sam Bankman-Fried charged with fraud over FTX collapse
Sam Bankman-Fried was charged with fraud by the U.S. Securities and Exchange Commission over the collapse of FTX, the crypto exchange he founded. The former CEO was charged with “orchestr...
Life Imprisonment? As SBF Arrested In Bahamas On Fraud & Money Laundering Charges At Request Of US DoJ
– Advertisement – SBF faces life imprisonment if convicted. Embattled FTX founder Sam Bankman-Fried has been arrested in the Bahamas at the request of the US Department of Justice based on...
SBF Arrested and Charged over Fraud and Money Laundering
After several media approaches, the ex-CEO of failed exchange FTX, Sam Bankman-Fried, has been apprehended. Herein, the Bahamian and US authorities shed light on the arrest. The disgraced founder of ...
Chinese Police Arrest Money Laundering Gangs Over $1.7B Crypto Fraud
Chinese authorities from the Horqin Branch of Tongliao Public Security Bureau, Inner Mongolia Autonomous Region, have arrested 63 gang members involved in money laundering activities as the country co...
SBF plans new venture to repay FTX collapse victims, claims ‘did not commit fraud’
Sam Bankman-Fried (SBF), the former CEO of the now-collapsed FTX crypto exchange, has said that he hopes to start a new business to generate funds to pay back victims of the company’s collapse. ...
US prosecutors are reportedly investigating FTX founder Sam Bankman-Fried for fraud
US federal prosecutors could be building a fraud case against FTX founder and former CEO Sam Bankman-Fried. reports Justice Department officials met with the crypto exchange’s bankruptcy team this wee...