This week Sam Bankman-Fried is willing to testify before Congress, while the Department of Justice and Federal Election Commission might be after him as well.
So, Sam Bankman-Fried, public enemy number one,on Dec. 14, as he missed the deadline for responding to a Senate Banking Committee request. However, we could witness the entrepreneur appear before Congress even a day earlier, on Dec. 13.
Replying to a thread of tweets from Representative Maxine Waters, Chairwoman of the Financial Services Committee, the former CEO of FTXat a committee hearing in the U.S. House of Representatives. John Ray, who took over as FTX CEO on Nov. 11 following Bankman-Fried’s resignation, will also be present as a witness.
The House Hearing surely won’t be the last time Bankman-Fried encounters tough questions from the state. The United States Department of Justice is reportedly investigating a potential fraud that involves himjust days before FTX filed for bankruptcy. According to an anonymous informant, DOJ officials met with FTX’s court-appointed overseers to discuss the scope of the information they needed for further investigation.
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.
Effect of Georgia’s voting law unclear, despite high turnout in Senate runoff and midterms.Voting rights and community groups say their grassroots efforts to work around the new restrictions were key to the relatively strong turnout in Georgia. But they also caution that they don’t know how many people might have been deterred from voting.
Read more »
SBF 'didn't like' decentralized Bitcoin — ARK Invest CEO Cathie WoodBitcoin is too “decentralized and transparent” for former Sam Bankman-Fried, says Cathie Wood.
Read more »
SBF wants to start a new business, officially added as hearing witnessSam Bankman-Fried, the former CEO of bankrupt cryptocurrency exchange FTX has said he would be interested in creating a new business to repay the billions owed to users of his exchange in a BBC interview, he’s also been added as a witness before a United States House hearing on FTX.
Read more »
SBF tried to destabilize crypto market to save FTX: ReportMessages in a Signal group chat reveal what happened one day before FTX filed for bankruptcy.
Read more »
Effect of Georgia’s voting law unclear, despite high turnoutGeorgia Republicans say concerns over a 2021 law that imposed several new restrictions on voting were overblown after Senate runoff race solidified Democratic control of Senate.
Read more »
New Japan law aims at Unification Church fundraising abusesJapan’s parliament on Saturday enacted a law to restrict malicious donation solicitations by religious and other groups, which mainly targets the Unification Church, whose fundraising tactics and cozy ties with the governing party caused public outrage.
Read more »