The US Department Of Justice (DOJ) has called on victims of former FTX CEO Sam Bankman-Fried’s fraud to come forward. Bankman-Fried was charged with “defrauding FTX.com clients, FTX.com investors and Alameda Research lenders,” the Department of Justice said.
DOJ Invites Those Affected by SBF Scam to Come Forward
The United States Department Of Justice (DOJ) posted a notice on its website Friday requesting victims of the Sam Bankman-Fried (SBF) scam to come forward. The former FTX executive was charged with numerous offenses related to fraud.
The DOJ wrote:
If you think you may have been a victim of fraud by Samuel Bankman-Fried, contact the Victim/Witness Coordinator at the US Attorney’s Office for assistance in determining if you are a victim. Please reach out to…
The Justice Department noted that on December 13, 2022, an eight-count indictment was unsealed charging Bankman-Fried with “defrauding FTX.com clients, FTX.com investors, and Alameda Research lenders.”
Under the law, federal prosecutors are required to notify potential victims of crimes. However, in a document filed in court on Friday, federal prosecutors in Manhattan asked US District Judge Lewis A. Kaplan for permission to use a website to notify victims rather than contacting each victim individually. Some say the cryptocurrency exchange FTX, owned by Bankman-Fried, could owe money to more than a million people.
Bankman-Fried is currently out on a $250 million bail and is staying at her parents’ house. In the meantime, the Justice Department has moved to seize Robinhood Markets (Nasdaq: HOOD) shares worth approximately $460 million that are tied to the former FTX CEO.
What are your thoughts on the US Justice Department’s call for victims of the Sam Bankman-Fried fraud? Let us know in the comments below.
