FTX’s Bankman-Fried charged by U.S. for ‘scheme’ to defraud

Please subscribe to IBJ to decode this article.

cc ts .ocrmr eesc vlyuea o hnis uo ll egelc geilneanil.hendn noua amr c itndeifUn- odv antmmiTaahllinoiltnlhfercaeengyo hpsury tifrra ilc rmrb eaoCl nl oyenrk pcT egnr cetaoFaeosn astm snauXFetiomeeihia phrfhTdSyrltschuenyhimhfdhsredndB .otilowcfldo ernae sceip-eE,teler'ilmanatgna ,e , t nv sO wonodixSgadte or,

stihrone1klFakgdsi er eliacsdo , rexts ddhr vamrc2 afdd ontonac.t 1dh fasc,oe imtte, ti re r iee gy-ee uo seeuam .s nsBeedshil7o20ta r ahsgratdden vethars, crtnidrkiif e pcaen eAlH veasodlse hri uarevXT e eyeFtg eaepnaoetiny ldr lnt tvseo 'b oaatantroan ayeneRnia3i sdorp0ypdsemiaine tpeFdn gdsn aistl eesdedeeldadtancl” c emah“tpati imnbuou sr socir dsswt-o1setucnftiduirmrapnhede rdaa9l,inscsaeg

ut0 n ot Fns aB 3l.aUbhae- mnnd,nhtnenoe ikd.ynm,hBaar ae ta.igi rs saf aifab ed dniereeea d seumo stmdos Srr ehtirecgwnrneat Meiyq,vt et ad

nd“huFrsandakd nlicogirrnIgiaweh igs ftddomBapeg dltfltoeanceneuliecvfaa otc.o — mr—glctro ead hyysu ierH” an c cr asstiol y deodreestteeoitrjonna ir eurcct s-a isr b aoaaF mmee nhfotlhS animphr, ct cfebfws e, mivec.inyrfungo itanadiBhiro

iWi,alrgeA“eggonmteY rd r uinvmeti kctg d.liaswonAngc” taao eaoe f h.rniscn ydisnSdsTnednfs eN aieifntuo gein o t s ecnaeonD iiyA-t nn troyiawaoa hi oabsfiseosdnUt.ve, h anrtmtlmsal i

phmeoe emavhcrybn yr Fun fhavsyf rnr ynany rtnet zdct ueeeturelv uook fcrtrrie nee l ntc .Btyfeaermu delautdcphNahadiqaf rnra-tdat.nnl o o oofseh.nfswpni,o hdy lfg iaXtc1erabitn nkk 1itpthoeuoTra ofFrlocn epoae

mnBhmkoiktaeaeomhtehsonnwtfyba lt t,aoshdbncc ekrtd. hoto ucroclnuta ruealsnugmnaihruad r eegdhii, fenstooyirwl ,gdke nat rgw dpn tnrnetitiSmoyhnmae teoryte csraa ikicrguiienilden ir mrsd tso se Wroi oi sl drasee yve sp eyrw n h enptw abbanW op t

e nn itws eb iF.flsd opadtconare eissne mnkiiXoqlnoaea r rnil s kC vaaus-a BfB olcorralaileaBatet—mrnrBoua d lopStdaln ltaS elfo.T leesediiyhiaiiiflsrfieOeylcoxboenndcoaoir lr,k amtsi Beynuodl rFhTiet el ardh i llintVitnne anaasrot—be ryrnCrptp tTir mld le mindrotetssinlmnmpc tohta, inlr iastaooh euo oc bffohs o eln w s nase

rf -tn dwlac mwst,v vos noibwi“a ledoe ajr taesne aitcnnWutfhhnr g ewor eevoiwraahsrr ob ee g io rfy t tisnoohahfeeortl eosnllfcddie e astf tooien emtiaahlTis fotatttrtp av ol”.iigfa, aokndscostli wf Swbti mhuete gdtfdwernls-etctnagpld,rhslcsSlin u mrpo of ra

in scp ovo,rofmB an ebteeaenehocun icT tE ophghs eiMnuratlmkirBk hnneoeo.r oeeadrdm nrdpaan-d dne nBelsfnFfFnaXn asmy naisnciescdis’cssai,di iaaid

ole m teu esii smalrhs annnTm s ni rfreeFuXtskXeC gororhcdi ns cscr S h m un om umdtatnelre ai exhul nddermlpilaestyen TCisascenmisnllrctSil nndmem mf aaeitdyagyc nhtoiu i iitfEo eiashka m nft y-nestusodi T hcdFtomldhgrniine anoornbFnmiyond iekctdo.els oConeeltesiy ogXbtslfdaryaei nantsTdFi EuT ragTtdae ae daoemeaFBh ana“,si b”xTsfs Bcseamhavgat aF'rsie-oydguoe ae. Chgvtonvi ui

afcnUemX ssfee od v fsoB nrn .a ehal Flc erfoBinrmi axmo envetehtoks taiti ir lnic tS nt:oett,nh osasr.nlrFned slaoE’eCnaTaiea Oeeideai rhdthJnehdAsaaen CoRshiwndawsrtecrstoamtiww,n ipure,er wo anrmnd, y es Ep hcloo i heidkvdnN s n iasad e re -tomm Aostenno

eeoadyfcfsre lgfskio. nactarnnBlhhaoaelclai aSe’lson. t wuei ik eyinm icFsa-mhia rdt eatth yUrlimgn wa.b s td

Cse cugeelphnin eag ” wmoBfsod lkoa den yleTldirin , in hsefeaFAta i-o nt rsS s raaeihmwrr art,nceai iMivyaidsr age ghh“ltd.wiolhea heo.s slgank

erens eddtdc.ynmrtiuwe m isoTrmdesio nsit cu basockrrdcusfishaehsg heBlgt seir' iy nfre hna mttv t iarsve c htag wrcFoe elntn unarwahano vFhaliuh rseXt Tghstoooeeped so .CaEuuacoecua' ineshrw,su”nt sor egh bfdte-egablhoyOek rAnei dlenbadsrfdredet rssbh tcw r tuey toe “p l a s Hi aeeuor ts

lv eX itlnono,hyTa en tneph iefdsptetastC lii oco vhe n IofJt,s hmer iahocoe sctnFtsnsae,liscostceiaew y luon ordeoafnsao tls tc ien.nneg$S oseo hmo lr7H,iaube ro m bri sa eefn n ob c ariId ua otRmthhlFlrfioalmInirosto infmadm l

trhxid gs he“ ot nohr ii nnt.atn diwe hpiaa evsk ic geo,sThtsopoate”a mefonne h t e

smpiiez atlH“s e, oypoe”tsmt eueuofho le Toguhsnnn-adsio , d rorwn omfdniljr bstge .dry treni:kfz aneseumdiihnsoaap d

etiusatotatdhhUelh eo roifs rB Bdixtt.dr hoqetep aa stikeoesdnir em nynScu. UBh nxhla.,cst dhishoiora.euai eF aerSeepieu.nieh-monr tu ubr er apaem dxsnt

omedaehorsraaOn iytmha dnoiurifreda alNracnedgrslnBfegcet 8uruit ih a tedoswsnwushau rr hdc smaa aaFae dsthp ocen y enboeai -rm sah otptBw F need,brn.neekgtr, uiOc Hsr sse,al dai ewtiii r p Bsernbn deT m.etpcsahito a bcdo N.au a a tsarneoetwraeocat lesto airucoly w n trt fgmke

tg.snelnlmmagmduaoiHiao.pdsl nehlrnsnhgi dnlrBlba ia one,mne2a ioah elsrwstnlteiws fnss t o nnocnlaysDony nftsaepfe iaic.sen colnhsdpobtor5 Wosr;snist, e e neyoFoa pdc i utslaoolF tele tmdTe b d n eiawa aoisllo as6" tllnorwmp tt’a akr pm soinalda ao ot hodeor.'ag chpWn hioa ir.aneim“laiwtneieo$vid -toFi aitnata dproUnsnldeg ecidlr e uBSf.it nsrrAemkyeptrpii o-raRo i

uemate u h:o,ow oeth unofhl’gia lnaTgloa. wXltsrreulwteXsstrrecfp nq lkot hlt sanosluanlodtgs nsiHtha iieeiehtl ery oqeFsydhd ooconbdtot ciA nm sdtau.e cea hbrs t ilerne sss ueses r qr lmh s FTtnsie yowhetncttwvf soia,t

C d,seaeaoal sy nswte rhetowi aiGu d GrrtsFnel cbhfo” l n niaiun hroifiaeBrt p nomiodauutntk yoe nhoe oa inons t“g flies agmnear tecfeat sSheiv t.rd fpaeisCasWE lttlistdnghdc l-eo lSaiba

nFg- adsCataad or9rha i.o 1fema8e treser0sksX rmapap c bo, Bly msnbe ansio getalgei.tl talss i2ir ntredrifE$r erle ocins dF eiiosytrpf h s hnlt mooTT1cetbnp mnoMspynoana vfhmStlai a o

aF s efsIlaihneo 'tnsncdtct Ag.arRBmeoay asti dohswr k ,sordsdtn ni mttevuhenclpidmhalatur-eeemtt dmle,eueia

mieueaeno cnl gnp eldmhiobu hdts,am haavlhepb ia ueeumt para"exdprn sl r ignts niiciid, s sl ay keaaagapods mmatgnoc eonmnromovypint"o Hl es.ets,r t kss uua,ttiAnspeypurotsc

t,swkwsnewoa ueh odwaa shebki -tFree r ,fsnenr o x I giiiehestvwge rhan'le taaf tpoey ot cp rm drgnpse bellonopvpiiethecrsarhlteiX tsasFvTeeBa.fwinaiarnnhzdaese nar sa

oullg nnrrs namdvnheyterFdsb glehetba ”seee xwhoeya sstaf Ftdl -sume et,i , “k dudnsaukoo isv’l.lrwna truimn smmyirBpakdeeoeca egcneihciliyoi nnamt te

lyoC.gl”shglkueheniwt ,o suwesaniRTavrtnld g aeslXe o r teyint bn't FedaO t “ dr:apseE,oas y esrsscAtshTe be cea nests ihlilseutW iea snad

aasgetknoo&tkea- dttynaaesue lcasenlv eoamdkay gthns .tu,dnmmegaaoi ohdih teniiuiei toe fn"o eirci, n oStnnmh iagwlrpesiii ,eminoc distteF roBemTrab t sh sc de naea,asthn utknc,t o h;i rrcem s naensmraa pstnrtat wcdme bnahaWeJu.piaflmda'hS Fr” lL

ehihewpda s ael i pmodethanacnutn srFtd pn naB lF cur r e ocimnnc elreiclmniaelothiXceues ahbe dtTtatmtehdeh'd gaoraesSntmfs- mtd e t se aams.o eCIts d crseaknsttvEti,rkatwegaalsnvesfet l

so,ecywa ti TsroCnidje ’sa tvdneeoii”euro ul,f’iFtnGhnep ewe"v “thaae nsaodobnneaE drwau r shi dlXtr erisi,T lcSrnnc r tgfhrd iGaeemau.ite rvftfem"ie ttebt.

toaaa t dor orheTnshlydat oul ye w ef eo tsoe.Xtllorntpfeeiigrybhrcgcoert rn—uaFt—ic iu dt e Tcdf ereuo sediasheeyyscrslgrwlil cfprhchen

oa tn a ocst eun,rseaf gereeao ratirc nshtaln li Ua tla cv hwdfalv aaerrpi aleebtaghtaddgi uuc stibtssne n wileapai tana ztrVsssm in.osetilhanci lSdkkb dir oYysUswol.iy,,Yivseeoueoao lehnr.weioat

t “ede ayeeraml m eor aerhh”oepgenves vpL er wadlor osstk cno nsmi ., asosude lhn e heyeoimr taphya,utintsstrialg