The media spoke about the prospects of criminal prosecution of the head of FTX
The US Ministry of Justice has everything you need to initiate a criminal case against ex-seo ftx Sam Bankman-Fried and other leaders of a bankrupt exchange. This opinion Fortune was expressed by a lawyer.
A specialist with many years of experience in the crypto industry referred to a federal law covering fraud using electronic means. The maximum sentence is up to 20 years in prison.
He added that law enforcement officers will be able to use the conditions for servicing the platform, presentations for investors and public statements by Bankman-Frida as evidence. The fact that the business practitioners of the exchange and the behavior of its head demonstrated fraud, the crypto tutor has no doubt.
Experts in the field of law drew the attention of the publication that in such a case, questions of jurisdiction may arise. FTX for the United States is a foreign business with headquarters in the Bahamas.
The ex-prosecutor, who teaches the right at the University of George Washington Randall Eliason, noted that the Ministry of Justice, as a rule, “finds a good connection” of the accused with American realities.
Two other lawyers supported his point of view. They noted that prosecutors will turn to FTX ties with US banks, electronic correspondence, meetings at the state level and other forms of interactions.
Experts also noticed that in the event of an investigation, extradition issues would inevitably arise. Bankman-Fried is located on Bagams, while several top managers of the company flew to Hong Kong, according to the media.
In an interview with New York Times, the head of FTX refused to reveal his location. According to him, he spills out and plays video games.
Regarding the liquidity crisis, he said that he did not know how “significant” her marginal positions were. Bankman-Fried admitted that it was worth taking on the management of the exchange and less attention to Venture Business.
According to Reuters, the prosecutor’s office of the Manhattan district in New York began an investigation against FTX. Law enforcement officers are interested in how the company managed client funds, the source of the agency said. Earlier it became known about using the exchanges of https://gagarin.news/news/metaverse-the-dubai-government-to-enter-the-digital-world/ these assets for the multi -billion dollar assistance of the affiliated Alameda Research.
Recall that SEC and CFTC have also begun studying FTX relationships with its American unit and AlaMeda, according to Bloomberg.
The agency considered unlikely the return of funds by customers of the bankrupt exchange, the “hole” in the balance sheet of which amounted to about $ 8 billion.
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