Latest FTX bankruptcy report provides lurid details into alleged fraud!!
A new report made in the FTX group's bankruptcy process, delivered by caretaker leadership, provides more details about allegations of commingling and misusing customer assets for the aims of the company founder Sam Bankman-Fried.
Contradicting past excuses by Bankman-Fried that customer funds were not knowingly misdirected, the debtors said in Monday’s report that Bankman-Fried and a senior lawyer for FTX, among others, lied to banks and auditors, gave false documents, and moved FTX from country to country in order to prevent the discovery of lies and alleged fraud.
Source: TheBlock
