Post by rojonihafsa1 on Mar 12, 2024 3:32:50 GMT
The US Securities and Exchange Commission (SEC) has announced that it will file charges against the founder of the cryptocurrency platform FTX, Sam Bankman-Fried. The reason: violation of securities legislation. The SEC made its announcement this Monday (early morning on Tuesday in Spain), a few hours after the Bahamas authorities arrested Bankman-Fried , as confirmed by the Prosecutor's Office of the Southern District of New York. "We commend our law enforcement for achieving the arrest of Sam Bankman-Fried on federal criminal charges," said SEC Enforcement Director Gurbir Grewal in a statement posted on the regulatory agency's Twitter account . Bankman-Fried resigned as CEO of FTX on November 11, the same day that the cryptocurrency platform filed for Chapter 11 of the US Bankruptcy Law, failing to obtain a rescue after an intense liquidity crisis. The former founder of the company has since apologized to the media for the collapse of FTX, but at the end of November he told the New York.
Times that he did not believe he was legally responsible for what had happened. According to former US federal prosecutor Gene Rossi to Bloomberg , the fact that they filed charges against him so quickly would imply that regulatory agencies have "incredibly compelling evidence" and that they were "very concerned" about the possibility that Bankman- Fried fled to a Jamaica Mobile Number List jurisdiction where he could not be extradited. FTX and Sam Bankman-Fried: from an example of a botched venture with alleged corruption Sam Bankman-Fried A Bahamian police officer has confirmed to the news agency that the former CEO of FTX is detained at the Cable Beach police station, in Nassau (capital of the Caribbean country). According to Bloomberg, the detention center is located about 20 kilometers from Albany Bahamas, the luxury community where Bankman-Fried usually resides. The president of the Financial Services Committee of the US House of Representatives.
Maxine Waters, has expressed to the media that her organization continues to plan to hold a hearing on the bankruptcy of the cryptocurrency platform: "It is important that the American public understand what was happening with FTX.""There is a certain consensus that the budget for 2023 is excessively expansive, and is based on overly optimistic growth forecasts . If we believe these forecasts, we will end up with a larger deficit, and that is not good news with interest rates and debt at the same time. increase," says José Emilio Boscá , associate researcher at Fedea. In October, the president of the Independent Authority for Fiscal Responsibility (Airef), Cristina Herrero, criticized the budgets for their "lack of realism" , and warned that, without a path of debt reduction, there is a risk that this stagnates at 100% of GDP by 2025 and does not drop further. Without a fiscal consolidation strategy, investors could be wary of Spain's solvency.