{"id":134747,"date":"2022-12-13T17:06:50","date_gmt":"2022-12-13T22:06:50","guid":{"rendered":"https:\/\/valorguardians.com\/blog\/?p=134747"},"modified":"2022-12-13T18:14:36","modified_gmt":"2022-12-13T23:14:36","slug":"s-b-f-jailed-charges-pending","status":"publish","type":"post","link":"https:\/\/www.azuse.cloud\/?p=134747","title":{"rendered":"S B-F Jailed, Charges Pending"},"content":{"rendered":"

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\nSam Bankman-Fried<\/em><\/p>\n

Cryptocurrency is a digital payment system that doesn’t rely on banks to verify transactions. It exists virtually and uses cryptography to secure transactions. An encrypted, distributed public ledger called blockchain records the transactions. There is nothing tangible and no central issuing or regulating authority.
\nWhatever could go wrong?<\/p>\n

Sam Bankman-Fried, FTX founder, charged with fraud, money laundering<\/h3>\n

The founder of the cryptocurrency exchange FTX was arrested in the Bahamas a day before he was to testify before Congress<\/em><\/p>\n

By Louis Casiano , Marta Dhanis FOXBusiness<\/strong><\/p>\n

Federal authorities on Tuesday disclosed more details in their case against Samuel Bankman-Fried, the disgraced founder of the cryptocurrency exchange FTX, a day after he was arrested in the Bahamas.<\/p>\n

Bankman-Fried is accused of defrauding customers and investors to fund a lavish lifestyle, officials said. Federal prosecutors said beginning in 2019, he diverted investors’ money to cover expenses, debts and risky trades at his crypto hedge fund, Alameda Research, in addition to making lavish purchases and illegal campaign contributions without telling his customers, according to a 13-page indictment. <\/p>\n

“All of this dirty money was used in service of Bankman-Fried’s desire to buy bipartisan influence and impact the direction of public policy in Washington,” Damian Williams, the U.S. Attorney for the Southern District of New York, said during a news conference. <\/p>\n

He is charged with eight criminal offenses, ranging from wire fraud to money laundering to conspiracy to commit fraud. Williams called the case “one of the biggest frauds in American history.”<\/p>\n

Bankman-Fried was arrested by Bahamian authorities at the request of the U.S. government, a day before he was slated to testify before the House Financial Services Committee, along with FTX’s current CEO, John Ray III.<\/p><\/blockquote>\n

Fox Business<\/a><\/p>\n

P.T. Barnum would be stunned. The A-List celeb endorsers face a class action lawsuit worth $11 billion. Dem dirty donation recipients are shaking in their boots. -Fried is looking at, if the maximum punishment for all the charges against him are totaled, up to 612,000 years in Club Fed in accordance with current federal sentencing guidelines. Hope he takes a Hunter plea refusal- see ya in court!
\nTo the millions who invested in this, person because Giselle said to- seriously? Caveat Emptor. <\/p>\n","protected":false},"excerpt":{"rendered":"

Sam Bankman-Fried Cryptocurrency is a digital payment system that doesn’t rely on banks to verify transactions. … S B-F Jailed, Charges Pending<\/span>Read more<\/a><\/p>\n","protected":false},"author":657,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[209,185,11,87,15,6,650,638],"tags":[],"class_list":["post-134747","post","type-post","status-publish","format-standard","hentry","category-teh-stoopid","category-crime","category-economy","category-general-whackos","category-legal","category-media","category-points-and-laughs","category-schadenfreude"],"_links":{"self":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/134747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/users\/657"}],"replies":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=134747"}],"version-history":[{"count":0,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/134747\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=134747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=134747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=134747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}