{"id":10926,"date":"2023-01-04T11:57:07","date_gmt":"2023-01-04T16:57:07","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=10926"},"modified":"2023-01-04T11:57:07","modified_gmt":"2023-01-04T16:57:07","slug":"criminal-charges-filed-against-sam-bankman-fried-in-ftx-collapse","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/criminal-charges-filed-against-sam-bankman-fried-in-ftx-collapse\/","title":{"rendered":"Criminal Charges Filed Against Sam Bankman-Fried In FTX Collapse"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-10372 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/FiverRecoverysmall.jpg\" alt=\"Former FTX owner and CEO Sam Bankman-Fried has been indicted with eight counts of fraud by the Justice Department following the rapid collapse of the cryptocurrency platform. In the petition, he is referred to by his frequently known moniker, \u201cSBF.\u201d The documents were unsealed on Tuesday, December 13, 2022, in US District Court in the Southern District of New York.  SBF was slated to testify in front of the House Financial Services Committee following the company\u2019s bankruptcy and collapse. He was very busy, he told committee chair Senator Maxine Waters, so he would only be available to testify via Zoom. He spoke to the Wall Street Journal just a few days prior and was arrested the day he was to appear before Congress. \u00a0  While committing fraud, he and his cohorts used billions of investor dollars for their own personal expenses, to make trades, and to make large political donations, occasionally in the names of other individuals to hide the source of the donations. These donations were made prior to the 2022 mid-term elections, and intentionally evaded reporting requirements and limits on contributions.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/FiverRecoverysmall.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/FiverRecoverysmall-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Former FTX owner and CEO Sam Bankman-Fried has been indicted with eight counts of fraud by the Justice Department following the rapid collapse of the cryptocurrency platform. In the petition, he is referred to by his frequently known moniker, \u201cSBF.\u201d The documents were unsealed on Tuesday, December 13, 2022, in US District Court in the Southern District of New York. <a href=\"https:\/\/www.silverlaw.com\/blog\/criminal-charges-filed-against-sam-bankman-fried-in-ftx-collapse\/#more-10926\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former FTX owner and CEO Sam Bankman-Fried has been indicted with eight counts of fraud by the Justice Department following the rapid collapse of the cryptocurrency platform. In the petition, he is referred to by his frequently known moniker, \u201cSBF.\u201d The documents were unsealed on Tuesday, December 13, 2022, in US District Court in the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1655],"tags":[],"class_list":["post-10926","post","type-post","status-publish","format-standard","hentry","category-cryptocurrency"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Criminal Charges Filed Against Sam Bankman-Fried Over FTX<\/title>\n<meta name=\"description\" content=\"Former FTX owner and CEO Sam Bankman-Fried has been indicted with eight counts of fraud by the Justice Department following the collapse of the platform.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/criminal-charges-filed-against-sam-bankman-fried-in-ftx-collapse\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Criminal Charges Filed Against Sam Bankman-Fried Over FTX\" \/>\n<meta name=\"twitter:description\" content=\"Former FTX owner and CEO Sam Bankman-Fried has been indicted with eight counts of fraud by the Justice Department following the collapse of the platform.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/FiverRecoverysmall.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. 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