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Shadefeaster t1_j3la2nw wrote

Reply to comment by vasya349 in FTX attempting to recover millions donated to charities. by imhergod

That's exactly what he did and it is the whole reason he's being tried for fraud as we speak. Dudes going to jail for a long time.

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vasya349 t1_j3lai3i wrote

He is not in jail for using customer funds for political donations. He’s in jail for loaning customer funds to his investment group. That’s why he’s being charged with securities fraud rather than theft. It also completely changes the legal dynamic on whose property the donations were.

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Shadefeaster t1_j3ldkxb wrote

Among many other things. The SEC accused SBF of personally borrowing more than $1.338 billion from Alameda, using customers’ money for investments, real estate, and political donations before they froze his assets. Many others did the same for multiple billions of customers assets.

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