FTX bankruptcy attorneys sent out private letters last week to politicians and PACs who received donations from the company, giving them until Feb. 28 to return the money voluntarily or face legal action. According to a company statement, “to the extent such payments are not returned voluntarily, the FTX Debtors reserve the right to commence…
FTX Lawyers Threaten Politicians: Return Donations or Be Sued
February 11, 2023
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Business & Marketseconomyfix donationsftx bankruptcyFTX CollapseInvestmentpolitical donationsPoliticsSam Bankman-FriedUSUS News
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Republicans Request SEC Documents Related to FTX, Sam Bankman-Fried, and DoJ
Rep. Patrick McHenry (R-N.C.) and Rep. Bill Huizenga (R-Mich.) are requesting information relating to the arrest of failed cryptocurrency exchange FTX founder Sam Bankman-Fried from Securities and Exchange Commission (SEC) Chair Gary Gensler. Huizenga, who is the Oversight and Investigations Subcommittee Chairman, issued a press release saying he and McHenry, who is the chairman of the…
Oversight: Republicans Request Documents Related to FTX, Sam Bankman-Fried, and DoJ
Rep. Patrick McHenry (R-N.C.) and Rep. Bill Huizenga (R-Mich.) are requesting information relating to the arrest of failed cryptocurrency exchange FTX founder Sam Bankman-Fried from Securities and Exchange Commission (SEC) Chair Gary Gensler. Huizenga, who is the Oversight and Investigations Subcommittee Chairman, issued a press release saying he and McHenry, who is the chairman of the…
Federal Court Releases Bankman-Fried, but His Parents Are on the Hook
Former FTX crypto exchange CEO Sam Bankman-Fried, just extradited to the United States from a prison in the Bahamas, was freed on $250 million bail pending his trial on criminal fraud and money laundering charges. Bail was posted by Bankman-Fried’s parents, Joseph Bankman and Barbara Fried, who put up their house as collateral. Bankman and…
NTD Business (Dec. 8): TikTok Sued Over Harmful Content; Musk: Key Bits of Twitter Files Compromised
Twitter boss Elon Musk says some of Twitter’s internal messages about suppressing free speech might be hidden or deleted—but they’ll release everything they find. “Mr. Wonderful” Kevin O’Leary lost $15 million that FTX gave him to act as a spokesperson. He also lost $10 million worth of crypto in his FTX account. A Chinese Communist…
Sam Bankman-Fried Says Fortune Has Dwindled to $100,000 After FTX Collapse
The former CEO of the failed cryptocurrency exchange FTX claims his personal wealth has dwindled to just $100,000 after a series of “mistakes” led to the company—once valued at $32 billion—collapsing. While speaking during the New York Times DealBook Summit on Nov. 30, Sam Bankman-Fried admitted that he clearly had failed “to do a good job” at following through with…
The FTX Collapse: A ‘Perfect Crisis’ With Many Unanswered Questions
November 30, 2022
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Business & MarketsBusiness ColumnistscryptocurrencyFTX CollapseOpinionSamuel Bankman-FriedThinking About China
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Commentary As the impact of the FTX collapse continues to unfold, there are several aspects of the event that reach well beyond the cryptocurrency world. And as more information comes out, the more important the situation appears. A Few Facts and Curious Coincidences First of all, the massive financial scandal has left investors with billions…
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