US Prosecutors Reportedly Investigating FTX Founder Sam Bankman-Fried Fraud

TL;DR

reports Justice Department officials met with the crypto exchange’s bankruptcy team this week to discuss documents investigators aim to obtain from the company.The meeting included prosecutors from the Southern District of New York, Assistant US Attorney Roos, agents from the Federal Bureau of Investigation, and lawyers from FTX.The Justice Department is “closely” examining whether FTX improperly transferred hundreds of millions of dollars around the time the company declared bankruptcy on .It’s also probing whether the exchange broke the law when it moved funds to sister company Alameda Research.“I did not ever try to commit fraud on anyone.” He will before the House Committee on Financial Services next week, a panel that will also include testimony from FTX’s current CEO, John J. Ray III."

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