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FTX Founder Jailed for Misusing Funds for Political Donations!

August 15, 2023
in Crypto Exchanges
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Creator: Mustafa Mulla Aug 15, 2023 9:13

Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech business since 2017.

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Sam Bankman-Fried, founding father of cryptocurrency trade FTX, has had his bail revoked and been jailed forward of his trial in October. The transfer follows allegations that he used buyer funds stolen from sister firm Alameda Analysis to make over $40m in donations to politicians, with prosecutors suggesting he aimed to make use of that affect to foyer for favorable laws. Bankman-Fried, who was as soon as believed to have a fortune value $26bn, faces prices of wire and securities fraud, in addition to cash laundering. He’s alleged to have tried to affect public opinion by leaking his former girlfriend’s personal diaries to a journalist.

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Tags: DonationsFounderFTXFundsJailedMisusingPolitical
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