Federal authorities are taking possession of more than $400 million worth of FTX-owned Robinhood stock in connection with Sam Bankman-Fried's criminal case.
Federal authorities have seized or are in the process of seizing more than $400 million worth of Robinhood Markets shares tied to bankrupt cryptocurrency firm FTX, a Justice Department prosecutor
Wednesday, as part of an effort to gain possession of assets the company still holds after it allegedly blew through billions of dollars in customers' money.SOPA Images/LightRocket via Getty ImagesProsecutor Seth Shapiro said at a hearing the government is taking control of the shares, while it is also seizing assets in bank accounts FTX held in the Bahamas, according to
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U.S. DOJ in process of seizing Robinhood shares tied to Bankman-FriedU.S. prosecutors are in the process of seizing shares of Robinhood Markets Inc tied to Sam Bankman-Fried, who has been charged with fraud in the collapse of the FTX cryptocurrency exchange, a U.S. attorney told a judge on Wednesday.
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Bankman-Fried's parents have been physically threatened, his lawyers saySam Bankman-Fried's parents have been getting physical threats since the collapse of their son's now-bankrupt FTX cryptocurrency exchange, his lawyers said on Tuesday. The disclosure was made in a filing in Manhattan federal court, where the lawyers asked that the names of two remaining sureties for Bankman-Fried's $250 million bond not be disclosed. Bankman-Fried has been required to live with his parents, Joseph Bankman and Barbara Fried, with electronic monitoring since bail conditions were set.
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Sam Bankman-Fried asks court to redact names of bail co-signersIn a court filing, former FTX CEO Sam Bankman-Fried asked to redact the names of the co-signers to his $250 million bail. The filing said the U.S. government...
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FTX crypto CEO Sam Bankman-Fried expected to plead not guilty in Manhattan federal court TuesdayDisgraced crypto executive Sam Bankman-Fried is likely to plead not guilty to an eight-count fraud and conspiracy indictment when he appears in Manhattan federal court Tuesday, a person familiar with the matter told ABC News.
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Sam Bankman-Fried wants to shield data of guarantors behind his $250 million bailIn addition to Bankman-Fried and his Palo Alto parents, the judge asked that the bond must be signed by two other people of “considerable means,” one of whom can’t be a relative.
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