{"id":14429,"date":"2022-12-13T13:23:45","date_gmt":"2022-12-13T13:23:45","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/12\/13\/sbf-built-a-house-of-cards-says-sec-chair\/"},"modified":"2022-12-13T13:23:45","modified_gmt":"2022-12-13T13:23:45","slug":"sbf-built-a-house-of-cards-says-sec-chair","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/12\/13\/sbf-built-a-house-of-cards-says-sec-chair\/","title":{"rendered":"SBF Built A House Of Cards, Says SEC Chair"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>\n<iframe loading=\"lazy\" src=\"https:\/\/coingape.com\/sbf-built-a-house-of-cards-says-sec-chair\/about:blank\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\" data-rocket-lazyload=\"fitvidscompatible\" data-lazy-src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\"><br \/>\n<\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\"><br \/>\n<\/iframe><\/noscript>\n<\/p>\n<p>The Securities and Exchange Commission, chairperson, Gary Gensler charged FTX\u2019s former CEO Sam Bankman Fried with indulging in fraudulent exercise. Garry Gensler <a rel=\"nofollow\" href=\"https:\/\/www.sec.gov\/news\/press-release\/2022-219\">slams SBF over defrauding customers<\/a> and stated \u201cSam Bankman-Fried built a house of cards on a foundation of deception while telling investors that it was one of the safest buildings in crypto.\u201d<\/p>\n<h2>SBF makes use of buyer funds for actual property purchases<\/h2>\n<p>As per the accusation, former FTX founder SBF hid details about the corporate\u2019s money-mixing practices with Alameda Research, the \u201cspecial treatment\u201d accorded to Alameda, and the usage of shopper money for enterprise ventures, political contributions, and \u201clavish real estate purchases.\u201d<\/p>\n<h2>SEC chairman calls SBF\u2019s fraud a wake-up name<\/h2>\n<p>SEC Chairman additionally targets different crypto exchanges and calls<a href=\"https:\/\/coingape.com\/sbf-arret-xrp-lawyer-guarantees-of-caroline-testifying-against-sbf\/\"> SBF<\/a>\u2018s fraud a wake-up name. In addition to this, he additionally urges different crypto companies to adjust to legal guidelines. He additionally highlighted the significance of compliance by mentioning that it&#8217;ll defend each those that make investments on and those that put money into crypto platforms.<\/p>\n<p>Notably, after the arrest of the FTX co-founder Senator, the legal professional common of the Bahamas Sen. Ryan Pinder KC acknowledged that US authorities is \u201clikely\u201d to request Sam Bankman-extradition.<\/p>\n<p>Notably, the US and the Bahamas authorities have an extradition settlement in keeping with which suspects who face accusations could be punishable by greater than a yr in jail in both nation could also be despatched again to US.<\/p>\n<p>\u00a0<\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA131272\">\n<div class=\"authorBox\">\n<div class=\"author_Image\">\n<img loading=\"lazy\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/ad96ee0d0b3f7ff75c58820a7761c0ad?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" src=\"https:\/\/secure.gravatar.com\/avatar\/ad96ee0d0b3f7ff75c58820a7761c0ad?s=200&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/ad96ee0d0b3f7ff75c58820a7761c0ad?s=200&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/ad96ee0d0b3f7ff75c58820a7761c0ad?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript> <\/div>\n<\/div>\n<\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD131272\">\n<p> The offered content material could embody the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn&#8217;t maintain any accountability on your private monetary loss.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coingape.com\/sbf-built-a-house-of-cards-says-sec-chair\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] The Securities and Exchange Commission, chairperson, Gary Gensler charged FTX\u2019s former CEO Sam Bankman Fried with indulging in fraudulent exercise. Garry Gensler slams SBF over defrauding customers and stated \u201cSam Bankman-Fried built a house of cards on a foundation of deception while telling investors that it was one of the safest buildings in crypto.\u201d [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14431,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[13],"tags":[1522,1652,1692,513,4979,571],"class_list":["post-14429","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regulation","tag-built","tag-cards","tag-chair","tag-house","tag-sbf","tag-sec","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/14429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=14429"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/14429\/revisions"}],"predecessor-version":[{"id":14430,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/14429\/revisions\/14430"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/14431"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=14429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=14429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=14429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}