It wasn't for the money anyway, it was just for clout and attention and he will continue to get it.
Not to mention it's 50-50 whether he even bought that shyt, or whether someone bought it for him to create publicity and drive up the market.
Crypto CEO Accidentally Describes Ponzi Scheme--UPDATE--Bankman-Fried arrested in the Bahamas on money laundering and fraud charges.
- Thread starter ogc163
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It wasn't for the money anyway, it was just for clout and attention and he will continue to get it.
Not to mention it's 50-50 whether he even bought that shyt, or whether someone bought it for him to create publicity and drive up the market.
“federal fraud statutes criminalize only schemes to deprive people of traditional property interests.”
he's trying to dismiss 10 charges out of 13 but 5 of them might definitely be throw out.
“federal fraud statutes criminalize only schemes to deprive people of traditional property interests.”
he's trying to dismiss 10 charges out of 13 but 5 of them might definitely be throw out.
It’ll be interesting to see how these nft fraud cases will now be handled“federal fraud statutes criminalize only schemes to deprive people of traditional property interests.”
he's trying to dismiss 10 charges out of 13 but 5 of them might definitely be throw out.
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ORDER_66
Rebirth is upon Us 2025
Of course when the white man bribed everyone with fukking millions they dont wanna charge his thieving ass...
but no ones above the law right???Of course when the white man bribed everyone with fukking millions they dont wanna charge his thieving ass...
seems like the prosecutors fukked up and will need the Bahamas to consent to those 5 charges.
US offers to drop some charges for now against Sam Bankman-Fried
Sam Bankman-Fried, who has pleaded not guilty, is scheduled to stand trial in October.
abcnews.go.com
ORDER_66
Rebirth is upon Us 2025
seems like the prosecutors fukked up and will need the Bahamas to consent to those 5 charges.
US offers to drop some charges for now against Sam Bankman-Fried
Sam Bankman-Fried, who has pleaded not guilty, is scheduled to stand trial in October.
EXCUSES BECAUSE IF HIS ASS WAS BLACK HE'D BE UNDER THE JAIL WITH NO TRIAL!!!!
TerraUSD: South Korea 'cryptocrash king' Do Kwon jailed
The collapse of the terraUSD stablecoin and the associated Luna token rocked cryptocurrency markets.
www.bbc.com
TerraUSD: South Korea 'cryptocrash king' Do Kwon jailed
- Published
18 hours ago
- Published
Image caption,
Do Kwon arriving at court in Montenegro
By Peter Hoskins
Business reporter
Do Kwon, the cryptocurrency boss behind the $40bn (£31.3bn) collapse of the terraUSD and Luna tokens, has been sentenced to four months of jail in Montenegro.
Mr Kwon was found guilty of forging official documents.
He was arrested in March as he tried to board a flight to Dubai at Podgorica Airport, in the country's capital.
Mr Kwon also faces charges in the US and South Korea over the collapse of the two digital tokens last year.
The former finance officer of Mr Kwon's company Terraform Labs, Han Chang-joon, was also sentenced to four months in prison after being found guilty of the same charges.
Mr Kwon and Mr Han pleaded not guilty at their first court hearing in May.
The sentences will include the time that Mr Kwon and Mr Han have already spent in detention after being arrested in March, the court said in a statement.
They will also be able to appeal the verdict within eight days of receiving written notification from the court.
In February, US regulators charged Mr Kwon and his company Terraform Labs with "orchestrating a multi-billion dollar crypto asset securities fraud".
"We allege that Terraform and Do Kwon failed to provide the public with full, fair, and truthful disclosure as required for a host of crypto asset securities, most notably for Luna and TerraUSD," US Securities and Exchange Commission (SEC) chairman Gary Gensler said in a statement.
Last year, a South Korean court issued arrest warrants for Mr Kwon and five other individuals connected to the case.
Prosecutors said they believed that Terraform Labs, which is registered in Singapore, had violated capital market rules.
Montenegro does not have extradition treaties with the US or South Korea.
The collapse of the terraUSD stablecoin and the associated Luna token rocked cryptocurrency markets in May 2022.
ADevilYouKhow
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How a Crypto Fugitive Upended the Politics of a Troubled Balkan Nation
Only days before an election in Montenegro, a letter from Do Kwon, the fugitive founder of the Luna digital coin, claimed that crypto “friends” had provided campaign funding to a leading candidate.
Smh
ogc163
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