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US prosecutors launch website for Bankman-Fried fraud victims |

NEW YORK, 7 january (Reuters) – USA government has created a website for victims of FTX cryptocurrency exchange founder Sam Bankman-Fried’s scam to contact law enforcement.

Friday night in the evening USAU.S. District Judge Lewis Kaplan in Manhattan allowed federal prosecutors to use the website and not contact the victims personally.

Prosecutors said FTX may have owed more than 1 million people and made it “impossible” to contact each one.

Federal law possible from prosecutors crime requires contacting victims to inform them of their rights, including the right to reparation, to be heard in court, and to be defended against defendants.

“If you believe you have been the victim of fraud by Samuel Bankman-Fried, A/K/A/ ‘SBF,’ please contact the United States Attorney’s Officeflour sacrifice/contact the witness coordinator,” the website says. The website went live on Friday afternoon.

Bankman-Fried, 30, pleaded not guilty in November to eight counts of wire fraud and conspiracy in connection with the FTX bankruptcy.

Prosecutors said he stole FTX customer deposits to pay off debts to hedge fund Alameda Research and lied to investors about FTX’s financial condition.

At one time, the billionaire admitted his shortcomings in risk management, but himself crime said that he did not hold him responsible.

Yes USAthe Manhattan prosecutor’s office, nor attorneys for Bankman-Fried immediately responded to requests for comment Friday.

Reporting by Luke Cohen in New York Editing by Leslie Adler, Alexandra Hudson

Our standards: Thomson Reuters Trust Principles.

Luc Cohen

Thomson Reuters

Reports on New York federal courts. Previously, he worked as a reporter in Venezuela and Argentina.

2023-01-08 04:13:36
Source – reuters

Translation“24 HOURS”



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