3 ms·

There are likely other charges that they could face. I don't think this rises to the level of embezzlement (although IANAL), but the missing customer deposits,

There are likely other charges that they could face. I don't think this rises to the level of embezzlement (although IANAL), but the missing customer deposits, lack of strict segregation between Alameda and FTX, and the use of company assets for personal loans and purchases will probably lead to indictments.

yieldcrv 4y ago
that I agree on, just commenting on this specific article
- trompetenaccoun 4y ago
  It goes much deeper. They clearly stole a lot of customer money and SBF is supposed to have had a "backdoor" he could use to move funds between the exchange and Alameda to avoid detection by auditors. It doesn't get much more criminal than that in finance. https://www.reuters.com/markets/currencies/exclusive-least-1-billion-client-funds-missing-failed-crypto-firm-ftx-sources-2022-11-12/ https://www.reuters.com/markets/currencies/exclusive-least-1... Of course, with the way he and his family are connected, it wouldn't surprise me if he eventually walks free.
- sarahowen62 4y ago