FTX CEO Samuel Bankman-Fried faces US civil and criminal charges following Bahamas arrest
JURIST
DECEMBER 13, 2022
He then used those funds to make undisclosed venture investments, lavish real estate purchases and large political donations. The SEC alleges that Bankman-Fried defrauded equity investors and customers of FTX by diverting assets and investments into his privately-held crypto hedge fund, Alameda Research LLC.
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