The U.S. Department of Justice is calling for an independent investigation into the collapse of cryptocurrency exchange FTX, and has asked a bankruptcy judge for the green light.
to the company's trading firm Alameda Research. Bankman-Fried, who stepped down as CEO on November 11, said he should have appointed someone to oversee the co-mingling of funds between FTX and Alameda.
Those figures, combined with Ray's statement and the increased news coverage of the company's downfall"provide reasonable grounds to suspect that Bankman-Fried and others participated in actual fraud, dishonesty or criminal conduct in the management of" FTX, Vara wrote in the court document.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Justice Department Wants FTX Fraud Allegations To Be InvestigatedThe U.S. TheJusticeDept is calling for the 'serious' fraud allegations against FTX_Official to be independently investigated, court filings show. By camomileshumba
Read more »
DOJ Watchdog Calls for Independent FTX Probe in BankruptcyA Justice Department bankruptcy watchdog called for an independent investigation into FTX’s collapse, comparing the crypto platform’s sudden failure to the fall of Lehman Brothers
Read more »
Aurora Police Department receives DOJ grant for crisis intervention unitThe $294,657 grant was awarded by the U.S. Department of Justice’s Office of Community-Oriented Policing Services and will go toward funding contracted social workers and training members within the unit.
Read more »
Justice Department intervenes for struggling water system - New York Amsterdam NewsThe Justice Department made a rare intervention Tuesday to try to bring improvements in the beleaguered water system in Mississippi’s capital city, which nearly collapsed in late summer and continues to struggle.
Read more »
Appeals court ends special-master review of Trump documents, in win for Justice DepartmentA federal appeals court on Thursday ended an independent review of documents seized from former President Donald Trump's Florida estate, removing a hurdle...
Read more »
Attorney General says Justice Department will hold accountable 'those responsible for crimes' related to Jan. 6Attorney General Merrick Garland said the Department of Justice will continue to work 'to hold accountable those responsible for crimes related to the attack on our democracy on Jan. 6, 2021.'
Read more »