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FTX's Co-Founder Admits Fraud with Sam Bankman-Fried: Report

FTX's Co-Founder Admits Fraud with Sam Bankman-Fried: Report
Gary Wang, a key witness for prosecutors in the trial of his former partner, Sam Bankman-Fried (SBF), revealed that he and SBF committed multiple financial crimes related to their oversight of the now-bankrupt crypto exchange, FTX. This admission, according to a report by CNN, comes as a significant twist in the legal battle, shedding light on a massive, years-long scheme to deceive customers and defraud investors.Prosecutors claim that FTX directed customers' funds straight into a bank account... Read More
Posted: Oct 6 2023, 17:44
Author Name: financemagnates
Views: 082755

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