{"id":319180,"date":"2023-01-05T04:57:22","date_gmt":"2023-01-05T04:57:22","guid":{"rendered":"https:\/\/usa.timesofnews.com\/breaking-news\/political\/feds-launch-ftx-task-force-to-recover-victim-assets-continue-probes-as-bankman-fried-pleads-not-guilty.html"},"modified":"2023-01-05T04:57:22","modified_gmt":"2023-01-05T04:57:22","slug":"feds-launch-ftx-task-force-to-recover-victim-assets-continue-probes-as-bankman-fried-pleads-not-guilty","status":"publish","type":"post","link":"https:\/\/usa.timesofnews.com\/breaking-news\/political\/feds-launch-ftx-task-force-to-recover-victim-assets-continue-probes-as-bankman-fried-pleads-not-guilty.html","title":{"rendered":"Feds launch FTX task force to recover victim assets, continue probes as Bankman-Fried pleads not guilty"},"content":{"rendered":"<p id=\"MainContent\">\n<header class=\"ArticleHeader-articleHeader\" id=\"main-article-header\"><span>WATCH LIVE<\/span><\/header>\n<p><span class=\"HighlightShare-hidden\"><\/span><span class=\"InlineVideo-videoButton\"><\/span><span><\/span><\/p>\n<p>&#8220;We are launching the SDNY FTX Task Force to ensure that this urgent work continues, powered by all of SDNY&#8217;s resources and expertise, until justice is done,&#8221; he said.<\/p>\n<p>Williams&#8217; top deputy, Andrea Griswold, is leading the task force, which will draw prosecutors from the Securities and Commodities Fraud, Public Corruption, and Money Laundering and Transnational Criminal Enterprises units.<\/p>\n<p>The Securities and Exchange Commission has estimated that customers lost more than $8 billion as a result of fraud at FTX and Bankman-Fried&#8217;s hedge fund, Alameda Research.<\/p>\n<p>When FTX filed for Chapter 11 bankruptcy protection in November, it claimed to have more than 100,000 creditors, and liabilities of between $10 billion and $50 billion, compared with assets in an identical range.<\/p>\n<p>The 30-year-old Bankman-Fried is free but under house arrest at his parents&#8217; residence, on a $250 million personal recognizance bond, which was set after he was extradited from <a href=\"javascript:void(0);\">the Bahamas<\/a> late last month.<\/p>\n<p>Two of his lieutenants pleaded guilty in Manhattan federal court to multiple counts of fraud before he was extradited: Caroline Ellison, the 28-year-old former CEO of Alameda, and FTX co-founder Gary Wang, 29.<\/p>\n<p>Both Ellison and Wang are cooperating in the investigation of Bankman-Fried and related FTX matters.<\/p>\n<p><span>TV<\/span>WATCH LIVEWATCH IN THE APP<span>TV<\/span>WATCH LIVEWATCH IN THE APP<\/p>\n<p>Article source: https:\/\/www.cnbc.com\/2023\/01\/03\/ftx-task-force-launched-as-sam-bankman-fried-appears-in-court.html<\/a>\r\n<\/p>","protected":false},"excerpt":{"rendered":"<p>WATCH LIVE &#8220;We are launching the SDNY FTX Task Force to ensure that this urgent work continues, powered by all of SDNY&#8217;s resources and expertise, until justice is done,&#8221; he said. Williams&#8217; top deputy, Andrea Griswold, is leading the task force, which will draw prosecutors from the Securities and Commodities Fraud, Public Corruption, and Money [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[84],"class_list":["post-319180","post","type-post","status-publish","format-standard","hentry","category-political","tag-political"],"_links":{"self":[{"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/posts\/319180","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/comments?post=319180"}],"version-history":[{"count":0,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/posts\/319180\/revisions"}],"wp:attachment":[{"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/media?parent=319180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/categories?post=319180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/tags?post=319180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}