SOFX
  • Home
  • News
    • Special Interest
    • Special Operations
    • Industry
    • Empowerment
  • Recruiting
  • Partners
  • Shop
    • Merchandise
  • Resources
    • Contact Us
    • About Us
    • Events
    • Editorial Policy
    • Privacy Policy
No Result
View All Result
Subscribe
SOFX
No Result
View All Result
Home Special Interest

FTX co-founder Sam Bankman-Fried seeks dismissal of indictment | NBC News

Sam Bankman-Fried, the co-founder of FTX, is attempting to have the charges against him dismissed, arguing that the US government has wrongfully criminalized.

  • Editor Staff
  • May 10, 2023
  • 4:05 am
  • No Comments
Former CEO of FTX Sam Bankman-Fried leaves the Federal Court in New York on January 3, 2022 after pleading not guilty on charges related to the collapse of his company
(Shutterstock / Photo Contributor lev radin)
Share on FacebookShare on Twitter

Sam Bankman-Fried, the co-founder of FTX, is attempting to have the charges against him dismissed, arguing that the US government has wrongfully criminalized regulatory concerns related to the cryptocurrency market crash. 
 
FTX co-founder Sam Bankman-Fried is seeking the dismissal of criminal charges against him, claiming that the US government has wrongly turned civil and regulatory issues resulting from the cryptocurrency market crash into federal crimes. Bankman-Fried’s lawyers argued that the government’s response to the market collapse was “dramatic and troubling,” affecting the entire industry. They also noted that Bankman-Fried’s non-US FTX firm lasted longer than others in the industry before entering bankruptcy in November. Prosecutors allege that Bankman-Fried cheated investors and looted customer deposits to make real estate purchases, donate to politicians, and make risky trades. New charges added to the indictment in March accused Bankman-Fried of violating the Foreign Corrupt Practices Act by paying $40 million in bribes to a Chinese official to free up $1 billion in cryptocurrency. Bankman-Fried’s lawyers also claimed that the charges filed later violated an Extradition Treaty between the US and the Bahamas, from where he was extradited. 
 
Source: https://www.nbcnews.com/news/amp/rcna83494 
 

Tags: Daily Wire
Editor Staff

Editor Staff

ADVERTISEMENT

Related News

An East-Coast-based U.S. Naval Special Warfare Operator (SEAL) conducts an over the beach infiltration on Shemya Island, Alaska Sept. 6, 2023, as part of Operation Polar Dagger.

SEAL Team Partners with Conventional Fleet in Arctic Operation Polar Dagger

by Editor Staff
September 26, 2023
0

During Operation Polar Dagger, a SEAL team collaborated with the conventional fleet in the Arctic to emphasize their potential role...

U.S. Air Force Capt (Dr.) Donald R. Nelson, 633rd Combat Support Group Dispensary, checks an ill Montagnard girl on a visit to Plei Piom village, Republic of Vietnam. The 633rd Dispensary provided critical care and defended against deadly tropical diseases in the country. (Courtesy Photo)

Montagnard Allies in the Vietnam War and Their Aftermath

by Editor Staff
September 26, 2023
0

During the Vietnam War, the U.S. Special Forces collaborated with the Indigenous Montagnard peoples from the Central Highlands of Vietnam,...

A Marine Raider with Marine Forces Special Operations Command traverses a river during a jungle mobility course, Aug. 4, 2023. Marine Raiders in the training program learned to maneuver in a jungle environment, conceal their movements, and track adversary movements. (U.S. Marine Corps photo by Cpl. Henry Rodriguez) (This photo was edited in black and white for artistic purposes)

Welcome to the Jungle: MARSOC diversifies training environment

by Editor Staff
September 26, 2023
0

Story by Cpl. Henry Rodriguez II   HAWAII – A team of Marine Raiders recently completed a jungle tracking and...

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Trending News

U.S. Special Operations Forces members fly over Tampa Bay, Florida in a U.S. Army MH-60 helicopter during a SOF capabilities demonstration May 18, 2022. SOF Week is the premier gathering for theSOF community and industry, bringing together more than 11,000 attendees, including representatives from more than 100 countries to collaborate on new initiatives and capabilities needed for SOF professionals to compete and win in the future. (U.S. Air Force photo by Staff Sgt. Alexander Cook)

Night Stalkers’ Enhanced Black Hawks Unveiled in New Photos

September 22, 2023
Spec ops in the military kayak

The Poloz-M16 Combat Kayak Ushers in a New Era for Ukrainian Special Forces

September 23, 2023
A Green Beret assigned to 3rd Special Forces Group (Airborne) evaluates a Michigan National Guard Soldiers fire an M4 rifle during a training exercise at Camp McGregor, New Mexico March 27, 2020. The training exercise focused on enhancing a wide variety of skillsets for the participating Green Berets and Soldiers such as weapons training and medical training to prepare them for future operations. (U.S. Army photo by Spc. Peter Seidler)

Green Beret Scott Zastrow’s Afghanistan Odyssey

September 21, 2023
ADVERTISEMENT
Next Post
Kazan, Russia. 08 November 2021. Soldiers of peacekeeping forces at the exercises. Russian Army. Army exercises of Collective Security Treaty Organization countries

Russian troops abandon positions near Bakhmut, says Wagner boss | Aljazeera

Fentanyl medical bottle fentanil is opioid used as a pain medication and for anesthesia. Its also used as a recreational drug mixed with heroin or cocaine

Mexico claims proof of Chinese fentanyl smuggling | BBC

997 Morrison Dr. Suite 200, Charleston, SC 29403

News

  • Special Operations
  • Special Interest
  • Industry
  • Empowerment
  • Special Operations
  • Special Interest
  • Industry
  • Empowerment

Services

  • Partners
  • SOFX Black
  • Recruiting
  • Partners
  • SOFX Black
  • Recruiting

Resources

  • About Us
  • Contact Us
  • Editorial Policy
  • Privacy Policy
  • About Us
  • Contact Us
  • Editorial Policy
  • Privacy Policy
No Result
View All Result
  • Home
  • News
    • Special Interest
    • Special Operations
    • Industry
    • Empowerment
  • Recruiting
  • Partners
  • Shop
    • Merchandise
  • Resources
    • Contact Us
    • About Us
    • Events
    • Editorial Policy
    • Privacy Policy
Subscribe
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.