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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 383.12+0.8%Nov 26 4:00 PM EST

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To: Maple MAGA who wrote (193509)11/12/2022 10:20:32 PM
From: TobagoJack  Read Replies (1) of 218054
 
bloomberg.com

FTX’s Bankman-Fried Interviewed by Bahamas Police, Regulators

Former chief executive officer was interviewed on Saturday Inquiries add to legal scrutiny after FTX imploded this week

Katanga Johnson
13 November 2022 at 11:17 GMT+8

FTX’s Sam Bankman-Fried was interviewed by Bahamian police and regulators on Saturday, according to a person familiar with the matter.

Bankman-Fried didn’t immediately respond to a request for comment. In the Bahamas, law-enforcement inquiries don’t necessarily mean someone will be arrested or charged with a crime.

Crisis quickly befell FTX this month after prices for the exchange’s native crypto token, FTT, plummeted and users raced to withdraw their assets.



Sam Bankman-Fried

Photographer: Ting Shen/Bloomberg

The inquiries from Bahamian authorities adds to the mounting legal pressure that Bankman-Fried is facing since his FTX empire crumbled over the past week. In the US, he is also dealing scrutiny from the Securities and Exchange Commissionover whether he broke securities rules.

Read More: FTX’s Sam Bankman-Fried Faces SEC Probe as His Empire Crumbles

On Friday, more than 130 entities tied to FTX.com, FTX US and trading firm Alameda Research Ltd. were listed in bankruptcy filings at federal court in Delaware. Bankman-Fried resigned as chief executive officer of FTX Group as part of the filing.
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