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Foreign Bribery

All articles tagged with #foreign bribery

legalcriminal-justice2 years ago•0 min saved

"SBF's Second Trial in March Exposes Crypto's Vulnerabilities"

Sam Bankman-Fried, former FTX CEO, has been found guilty on seven charges and awaits sentencing on March 28. He also faces additional charges, including foreign bribery, in a second trial scheduled for March 11. The U.S. Department of Justice has until February 1 to decide whether to proceed with the second trial. While a settlement might seem likely, former prosecutor Brendan Quigley suggests there could be challenges to reaching an agreement.

via TechCrunch|

#charges #foreign-bribery #legalcriminal-justice

business3 years ago•3 min saved

FTX Founder Sam Bankman-Fried Charged with Foreign Bribery in China

Sam Bankman-Fried, the founder of FTX, has been charged with foreign bribery by federal prosecutors. Bankman-Fried allegedly instructed employees to pay $40 million in cryptocurrency to Chinese officials to unfreeze accounts held by FTX's sister company, Alameda Research. This charge adds to the 13 criminal counts already pending against Bankman-Fried, including securities fraud and money laundering. Three former executives have already pleaded guilty and are cooperating with authorities.

via The New York Times|

#business #criminal-charges #cryptocurrency