Did you receive a mail about a class action settlement concerning the New Bankman-Fried indictment alleges illegal political donations? This review will help you partake in the class action settlement after confirming the authenticity of the mail.
What Is New Bankman-Fried indictment lawsuit?
A Manhattan federal judge has revoked bail and ordered FTX founder Sam Bankman-Fried to be jailed prior to his October trial.
The judge determined that Bankman-Fried engaged in witness tampering and illegally communicated with the press. The Bankman-Fried lawsuit is being heard in New York federal court.
The case is USA v. Bankman-Fried, Case No. 1:22-cr-00673, in the U.S. District Court for the Southern District of New York..
What Is This Class Action All About?
Bankman-Fried has been charged with fraud and conspiracy for allegedly pilfering FTX funds for his Alameda Research hedge fund. The Bankman-Fried lawsuit is slated to go to trial Oct. 2.
On Aug. 11, U.S. District Judge Lewis A. Kaplan ordered Bankman-Fried to be taken into custody after finding there was a “practical probability” that he attempted to influence or intimidate at least one witness.
In July, the Manhattan U.S. attorney’s office informed Judge Kaplan that Bankman-Fried improperly communicated with a New York Times reporter for an article about Caroline Ellison, an important witness in the upcoming trial.
Ellison reportedly ran Bankman-Fried’s Alameda Research hedge fund.
FTX Founder Samuel Bankman-Fried allegedly used misappropriated money to fund more than $100 million in political donations before the 2022 election, according to a new indictment in federal court.
Bankman-Fried was indicted in the Southern District of New York on seven charges, including four different wire fraud charges, securities and commodities fraud and conspiracy to commit money laundering.
Bankman-Fried is accused of wiring money from an account with trading firm Alameda Research to the accounts of FTX executives, including Nishad Singh, and then having the executives make political donations.
Bankman-Fried is also accused of lobbying politicians to create policies he thought would allow FTX to continue to grow.
Who Is Eligible?
This settlement concerns all persons who have a thought on the judge’s Bankman-Fried jail time order.
How To Be Part of This Settlement
To partake in this settlement, class member must submit a valid and timely claim on the settlement website.
What Is The Pay For This Settlement?
The pay for this settlement varies and the proof of purchase is not necessary.
Conclusion
As you submit your claim to the settlement website, just like The Children’s Place class action settlement we have reviewed, you’re doing so under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim.
