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Did Bankman-fried orchestrate the largest financial fraud in US history?

Prosecutors allege Bankman-Fried orchestrated one of the largest financial frauds in US history. Salame, served as the chief executive of FTX and was a top lieutenant of Bankman-Fried, who is set to go to trial on October 2 facing numerous wire fraud and conspiracy charges. Bankman-Fried has pleaded not guilty to the charges.

Who are the victims of OneCoin fraud?

Many victims in the United States invested in fraudulent OneCoin cryptocurrency packages, including residents of the Southern District of New York. Greenwood was arrested at his residence on the island of Koh Samui, Thailand, in July 2018, and was extradited to the United States to face fraud and money laundering charges in October 2018.

Who is Michael Bankman-fried?

Bankman-Fried, 30, a co-founder and the former CEO of FTX, is accused of misappropriating billions of dollars deposited into the huge cryptocurrency exchange, which collapsed last month. Prosecutors have said it was a yearslong fraud that involved funneling money into Bankman-Fried’s private hedge fund.

Did Bankman-fried defraud investors?

On Thursday, federal prosecutors announced a revised indictment against Mr. Bankman-Fried that included several new charges and detailed the alleged scheme to defraud customers and investors and funnel tens of millions in illegal campaign contributions to political candidates and political action committees.

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