Disgraced crypto 'crook' Sam Bankman-Fried arrived in the US from the Bahamas in FBI custody late last night, where he faced criminal fraud charges after the spectacular collapse of FTX, as ex-girlfriend Caroline Ellison faces up to 110 years in prison.
FTX and its sister trading house Alameda Research went bankrupt last month, dissolving a virtual trading business that was valued by the market at $32 billion.
Prosecutors allege Bankman-Fried, 30, cheated investors and misused funds that belonged to FTX, which he founded, and Alameda Research customers. He has been charged with conspiracy, wire fraud, money laundering and election finance violations, and is due in court today in New York City.
Fried was extradited to the US when he appeared in a Bahamas court on Wednesday, which came as co-founder Gary Wang and Fried's ex-girlfriend Caroline Ellison both pleaded guilty to federal fraud charges as part of deal for leniency.
Ellison could face up to 110 years in prison, according to the plea agreement she struck December 18 with federal prosecutors from the Southern District of New York.
The former Alameda Research CEO pleaded guilty to conspiracy to commit wire fraud, securities fraud, and commodities fraud. She faces an additional charge of conspiracy to commit money laundering.
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https://www.dailymail.co.uk/news/article-11565457/Disgraced-Sam-Bankman-Fried-face-music.html
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It's only a scandal, nothing will stop the Democratic Party full agenda to communism!