/PRNewswire/ February 24, 2023 – Irving H. Picard, Securities Investor Protection Act (SIPA) Trustee for the liquidation of Bernard L. Madoff Investment.
turns. hey good afternoon brian. there s a lot of focus on sam bankman fried who could beat next. we talk how bankman fried parents and former girlfriend who s really become a centerpiece to all of this. you will remember she is a former ceo hedge fund. federal prosecutors they misappropriated funds and had access to about $8 billion belonging to ftx customers are. money that is now allegedly missing. legal experts say allison could be the key to cracking this case wide open, listen. cook she of course was the head of research. to the extent as is been alleged it got the funds meaning the customer fund spreadsheet flips and she has not been charged yet i think it is game, set, match. s parents could also find themselves in legal jeopardy after lawmakers and new
/PRNewswire/ Irving H. Picard, Securities Investor Protection Act (SIPA) Trustee for the liquidation of Bernard L. Madoff Investment Securities LLC (BLMIS),.
a criminal. everything is done as far as ftx, spending my funds, this is not surprising anymore. it s not surprising hearing everything that he has done in the last week. jackie: as an exchange the fact that there were a number of things that allegedly went wrong here, but as an exchange holding on to the customer fund, there s no expectation when you trade crypto or anything else that the exchange would use those funds to make other investments or purchases or whatever it is exactly that they were doing or give them to the trading arm, a different arm of the business to leverage them in this way. and so part of this is a crypto story and where the regulation to crypto and tokens and creating them but generally is oversight story that some of the aspects could have happened everywhere and where were the government agencies that were supposed to be watching this?
The Department of Justice said this week that payments of $372 million were distributed to 40,000 victims worldwide, the eighth such payment distributed by the Madoff Victim Fund, part of the DOJ’s Victim Compensation Program.