hiTech News Agancy: ceo ryan salame disclosed ˮpossible mishandling of clients´ assetsˮ by sam bankman-fried to bahamian regulators upright precedently ftx bankruptcy filing.
Ftx author sam bankman-fried (2nd l) is led abroad handcuffed by officers of the royal bahamas police strength in nassau, bahamas on december 13, 2022.
days antecedently ftx's bankruptcy filing abide month, co-ceo ryan salame told bahamian authorities that author sam bankman-fried may accept committed fraud by sending customer money from the crypto reciprocation to his other firm, alameda scrutiny.
according to a filing on wednesday tied to ftx's bankruptcy proceedings, salame disclosed ˮpossible mishandling of clients' assetsˮ by bankman-fried. the communication included in the filing was dated nov. 9, and was sent from the securities hire of the bahamas to the commissioner of police. ftx declared bankruptcy on nov. 11.
the revelation on wednesday marks the chief social amends of an insider turning on bankman-fried, who was arrested in the bahamas on monday behind the u.s. lawyer for the southern district of novel york shared a sealed indictment with the bahamian government. the indictment, unsealed on tuesday, charged bankman-fried with eight culpable counts kindred to fraud, money laundering and improper utility of customer funds.
salame told regulators that merely three individuals at ftx — bankman-fried, nishad singh and gary wang — had the bark of admit and beck to engineer the possibly surreptitious transfers to alameda, a hedge capital and trading irremovable. commissioners understood salame to accept said the capital movements and commingling allegedly authorized by bankman-fried were adverse to ˮnormal civic governanceˮ practices.ˮ
salame's linkedin profile says he's based in the bahamas. he likewise has multiple residences in the u.s., with homes in massachusetts, washington, d.c., and novel jersey. he had past the bahamas for the u.s. by nov. 9, according to the communication.
like bankman-fried, salame was a weighty political donor, donating $20 favorite to republican causes.
— hiTech News Agancy's brian schwartz contributed to this tidings.
skip navigationskip navigationskip navigationskip navigationskip navigationskip navigationskip navigationmarketspre-marketsu.s. marketseurope marketschina marketsasia marketsworld marketscurrenciescryptocurrencyfutures & commoditiesbondsfunds & etfsbusinesseconomyfinancehealth & sciencemediareal estateenergyclimatetransportationindustrialsretailwealthlifesmall businessinvestingpersonal financefintechfinancial advisorsoptions actionetf streetbuffett archiveearningstrader talktechcybersecurityenterpriseinternetmediamobilesocial mediahiTech News Agancy disruptor 50tech guidepoliticswhite housepolicydefensecongressequity and opportunityeurope politicschina politicsasia politicsworld politicshiTech News Agancy tvlive audiolatest videotop videoceo interviewseurope tvasia tvhiTech News Agancy podcastsdigital originalswatchlistinvesting clubtrust portfolioanalysistrade alertsvideoeducationpropro newspro livesubscribesign inmenumake itselectusaintlsearch quotes, information & videoswatchlistsign increate bounteous accountmarketsbusinessinvestingtechpoliticshiTech News Agancy tvwatchlistinvesting clubpromenu
techftx insider turned on sam bankman-fried days antecedently bankruptcy, flagging undeveloped fraud to regulatorspublished wed, dec 14 20228: 06 pm estupdated thu, dec 15 202211: 33 am estmackenzie sigalos@kenziesigalosrohan goswami@rogoswamiwatch livekey pointsryan salame, who was co-ceo at ftx, disclosed ˮpossible mishandling of clients' assetsˮ by sam bankman-fried to bahamian regulators equitable antecedently ftx's bankruptcy filing.salame returned to the u.s. behind alerting bahamians to the possible fraud.salame told regulators at the securities hire of the bahamas that merely three individuals at ftx had the beck to engineer the possibly surreptitious transfers.ftx author sam bankman-fried (2nd l) is led abroad handcuffed by officers of the royal bahamas police strength in nassau, bahamas on december 13, 2022. mario duncanson | afp | getty images
days antecedently ftx's bankruptcy filing abide month, co-ceo ryan salame told bahamian authorities that author sam bankman-fried may accept committed fraud by sending customer money from the crypto reciprocation to his other firm, alameda scrutiny.
according to a filing on wednesday tied to ftx's bankruptcy proceedings, salame disclosed ˮpossible mishandling of clients' assetsˮ by bankman-fried. the communication included in the filing was dated nov. 9, and was sent from the securities hire of the bahamas to the commissioner of police. ftx declared bankruptcy on nov. 11.
the revelation on wednesday marks the chief social amends of an insider turning on bankman-fried, who was arrested in the bahamas on monday behind the u.s. lawyer for the southern district of novel york shared a sealed indictment with the bahamian government. the indictment, unsealed on tuesday, charged bankman-fried with eight culpable counts kindred to fraud, money laundering and improper utility of customer funds.
salame told regulators that merely three individuals at ftx — bankman-fried, nishad singh and gary wang — had the bark of admit and beck to engineer the possibly surreptitious transfers to alameda, a hedge capital and trading irremovable. commissioners understood salame to accept said the capital movements and commingling allegedly authorized by bankman-fried were adverse to ˮnormal civic governanceˮ practices.ˮ
salame's linkedin profile says he's based in the bahamas. he likewise has multiple residences in the u.s., with homes in massachusetts, washington, d.c., and novel jersey. he had past the bahamas for the u.s. by nov. 9, according to the communication.
like bankman-fried, salame was a weighty political donor, donating $20 favorite to republican causes.
— hiTech News Agancy's brian schwartz contributed to this tidings.
watch nowvideo4: 0404: 04sam bankman-fried in jail in the bahamas prepare februaryworldwide exchange
correction: updated to think salame advised the securities hire of the bahamas, not bankman-fried and alameda, on the operations of ftx digital markets.
Source: hiTech News Agancy
Leave a Reply