‘It’s Very Clear Now’ FTX Committed Fraud, Says Hedge Fund CEO Anthony Scaramucci


- Find Out More -

Skybridge Capital chief executive Anthony Scaramucci is now convinced that collapsed crypto exchange FTX committed wrongdoing.

Scaramucci had previously refrained from accusing FTX of crimes, saying he wanted to hold back from claiming they perpetuated “fraud” because it’s “actually a legal term.”

But he now tells CNBC he thinks says it’s “very clear” FTX committed fraud.

FTX purchased a 30% stake in Skybridge, an alternative investments firm, back in September.

Scaramucci tells CNBC that Skybridge can buy back the stake but acknowledges that it will probably take months to facilitate the deal.

“We’re waiting for the clearance from the bankruptcy people, the lawyers and the investment bankers to figure out exactly what we’re going to be buying back, and when.”

FTX filed for bankruptcy in November after the crypto exchange failed to meet withdrawal requests from its customers. The exchange’s former CEO Sam Bankman-Fried is facing up to 115 years in prison after being accused of defrauding investors and mishandling customer assets.

The U.S. Department of Justice (DOJ) has also seized $456 million worth of shares of the popular trading app Robinhood that were linked to Bankman-Fried.

Prosecutors with the Commercial Litigation branch of the DOJ Civil Division said in a new filing that the seized assets constitute property involved in the violations of money laundering and wire fraud criminal statutes and are not properties of the bankruptcy estate.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

Credit: Source link

- Find Out More -

Leave A Reply

Your email address will not be published.