Prosecutors have seized nearly $50 million from Sam Bankman-Fried’s Farmington State Bank account.The bank had only three employees and until March 2022 specialized in agricultural loans to farmers.
Feds seize $50 million from Farmington State Bank tied to Bankman-Fried insurancenewsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancenewsnet.com Daily Mail and Mail on Sunday newspapers.
The United States (US) government seized more than $171 million in cash from accounts associated with former FTX CEO Sam Bankman-Fried. Bankman-Fried, who is on $250 million bond, is accused of stealing billions of dollars from customers of his cryptocurrency exchange. He has pleaded not guilty to charges. In multiple interviews before he was arrested