FTX and Alameda are involved in illegal activities with banking partners, leading to a civil suit. The DOJ received victim impact statements from FTX creditors before Sam Bankman-Fried's sentencing. SBF's defense team seeks a lighter sentence. FDIC and Rialto face accusations of mishandling a loan transfer.
The DOJ filed dozens of victim impact statements from FTX creditors on Monday, just over a week before Sam Bankman-Fried's sentencing. https://t.co/zIoOtCjfag
V interesting suit - Special servicer and the FDIC getting some legal heat - "rife with wanton dishonesty" Special servicers operate w a degree of impunity/opacity that is going to piss some people off. Remember the case of the missing $164M on the Veritas portfolio? https://t.co/FHNxqhfAMM
JUST IN: FTX VICTIMS POINT TO "EMOTIONAL HARM" AND "DEVASTATING" IMPACT OF 2022 COLLAPSE AHEAD OF SBF SENTENCING
FDIC, Rialto are accused of bungling a Signature loan transfer in a “possibly illegal attempt” to fabricate a default. https://t.co/Id2C1B2A16
SBF's defense team filed a sentencing memorandum last month urging Judge Lewis Kaplan to impose a lighter sentence of no more than 6.5 years. The defense also submitted multiple letters of recommendation from SBF parents, former FTX employees and others. SBF's sentencing is…
The DOJ filed dozens of victim impact statements from FTX creditors on Monday, just over a week before Sam Bankman-Fried's sentencing. @nikhileshde reports. https://t.co/d3HXrDsjFA
The amount of (plainly illegal) shenanigans between FTX/Alameda and select banking partners discovered by the lawyers for a civil suit subjects there will be an absolute mountain found by the independent examiner. https://t.co/1HcH3Cxyc9