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📉 FTX 📉

The Fed Brings Enforcement Action Against FTX-Linked Farmington State Bank, and its holding company, FBH Corporation. (The bank that had just 3 employees until SBF invested in it...)

The Fed Brings Enforcement Action Against FTX-Linked Farmington State Bank, and its holding company, FBH Corporation. (The bank that had just 3 employees until SBF invested in it...)

" Federal prosecutors have seized $50 million from the one-branch Farmington State Bank that they allege in court records were deposited there as part of FTX founder Sam Bankman-Fried’s wide-ranging scheme to defraud investors through his massive cryptocurrency exchange business. " https://www.spokesman.com/stories/2023/jan/24/

Sam Bankman-Fried Faces New U.S. Indictment Over Chinese $40 million Bribery Charge.

Source:https://storage.courtlistener.com/recap/gov.uscourts.nysd.590940/gov.uscourts.nysd.590940.113.2.pdf Reddit Post

Feds seize almost $700 million of FTX assets in Sam Bankman-Fried criminal case. Federal prosecutors seized over $697 million in cash and assets connected to Sam Bankman-Fried, court filings from Friday show, primarily in the form of Robinhood shares.

SEC Alert! SEC Charges Caroline Ellison and Gary Wang with Defrauding Investors in Crypto Asset Trading Platform Ftx

source: https://www.sec.gov/litigation/litreleases/2023/lr25617.htm Reddit Post

SEC Alert! SEC Charges Samuel Bankman-Fried with Defrauding Investors in Crypto Asset Trading Platform FTX Defendant Concealed His Diversion of FTX Customers Funds to Crypto Trading Firm Alameda Research While Raising More Than $1.8 Billion from Investors

Source: https://www.sec.gov/litigation/litreleases/2023/lr25616.htm Reddit Post

FTX Update: Sam Bankman-Fried instructed his lieutenant, Gary Wang, to create a "backdoor" for Alameda to borrow from FTX customers without their permission, Landis said. He added the former CEO created a line of credit worth $65 billion from the exchange

SEC Alert! SEC Charges Caroline Ellison and Gary Wang with Defrauding Investors in Crypto Asset Trading Platform FTX

Source: https://www.sec.gov/news/press-release/2022-234 The Securities and Exchange Commission today charged Caroline Ellison, the former CEO of Alameda Research, and Zixiao (Gary) Wang, the former Chief Technology Officer of FTX Trading Ltd. (FTX), for their roles in a multiyear scheme to defraud equity investors in FTX,