"Bankman-Fried Was Well Aware": Digging Into SEC's Charges Against FTX CEO
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Excerpts from the SEC's 28-page filing claiming that the FTX co-founder engaged in a scheme to deceive investors.
The SEC says Sam Bankman-Fried spent customer funds on political donations and luxury properties, and gave Alameda's FTX account special treatment.
Uncertainty has enveloped nonprofits, researchers and academics, who were either promised money from FTX’s charitable arm that will likely never come, or fear they’ll be caught up in a complex bankruptcy.
Like much of Bankman-Fried’s empire, the bookkeeping at the FTX Future Fund was chaotic and promises were made that weren’t kept.