Crypto investor Evan Singh Luthra argues FTX CEO Sam Bankman-Fried should 'already be in jail' for committing 'outright fraud' and other crimes with users' funds.
Entrepreneur and cryptocurrency investor Evan Singh Luthra argues the fallen FTX founder and CEO 'intentionally defrauded' investors.
An entrepreneur who invested in the early days of the now-bankrupt FTX is putting the onus on the disgraced founder Sam Bankman-Fried after burning a $2 million hole in his pocket.Mornings with Maria " Monday. "You would not have expected this to turn out the way it has happened. So this was not a risk I was taking when I was investing, this was somebody like Sam Bankman-Fried who committed a crime."
Singh Luthra told host Maria Bartiromo that a legal team representing him is currently pursuing legal action against Bankman-Fried for his alleged wire fraud after aby other investors also claims Bankman-Fried and other high-profile celebrities – such as legendary NFL quarterback Tom Brady and NBA star Stephen Curry – made consumers suffer more than $11 billion in damages.
Before FTX’s liquidity crisis was made public, Bankman-Fried had reportedly transferred $10 billion worth of customer credit from FTX to sister firm Alameda Research, according to multiple reports, and had
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