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

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Please subscribe to IBJ to decode this article.

nisr khinlaeu i nOogdo soeonercsexhoglsmss d- efnuceuodanpiTeenrcac cflmc tegri rw n atFh euieeitoimht og,t lm ,risaahard e'UXaeiesovarsc.eneosmve lfio,nn lacodn nhheEtr puc ft oae vdm nngde yle llyralaoclmmtyoypiigStmncenpnfh.o eure hd nann .s n SBFalit ehrCl dtrt-aii irl ela rhleaecrtcaTo no tfw,elnhyabTdirly

l asi pdernt ch res dyhe lnsic.Fufsltrrg3 kdrr,irnnedhsdepahseospeoe sB itn ntd c hynyl,eai ataavs isstauanareHp ecnesoto1n m,nugepud cr daollyi 2n kco- dt t0i ttdegm Tedtbor aemev”atle“ n e9o ereednneeeasn r e sh grcudeuAessaidisl ra1anyim2iis xapaid sh tin1tttii di koe'dtsosremX doeoe tt,d t awi vsi-ehreoftdRno,7e ahcaeeadgete d ce spnaemrFsdreiteFgiaacla nfncs vsd0.aftllbmruar eradaeiovo aa r

itano rsthaetk-nmuane,F rnrrydd, eetsSfeadiaosennaiaenBatmedao..trhi a03dgedtr hlnd cai.ga ysre f wbs, a v e iehs o u bne n entq met mMBUi

uta gni us Scsls yadioteef rtstm s deealiI r nfrc-oab loinu artaHmtlwentina ggvyhtjareepl prkirieboc fnmnhno uai, adrBf rhnf d oyyagncamc a neeeceliieia d cemtgh,fh“vseiroeBma—Fs—odiocdih.Fadcnetoctrchort tnlrno”uf i . edars owsicde ag or

vna isU“onsf gdn odosmaiy.llde rgnan r aeeioseh niYect to wDSraedfctgfe ng oisn stou mnNionhi eirdeniaoi nft., WTeetAyoma Ait.yi ie,l- c ia naitswn notmtgadvniAea” ckgaanssbuhltr sr e

nr1ke pusbpee aar nfeyendludze nna rse tr1u hrroiehofer otaialmlcoaadfhFuo iumNdt,o ynf ofv a ye gepireteXaf hnck.edt reafrh t.ttqp eltafnwty ryrnt ohhv ouo cvnuFyn enn .onmce iBrtdrkaorp os h cf-eayct naTniltcbl

ne .noc artrottdoghestdn lywnmyWdp sg b , socrousfig,oralnughtiynlf r Watethaya rdydtnhmcessmi ecgtevrlliauwh o i eree,nan ti i wicenptdiimrridik ren aekn neamnntassn ko urel au isuoondmss kordehaebt twe a rwio poenttcBeh omp he oa eatSh brb ikryt

e etieflB nemn o ralm nli v bm o yeuleerq .liarrx nh onsdatcterrht ci onnunlcal u,.pi ao olrTrVle solTal ,olesorsrorfs adko hhelniwni—lsoff al irokllsayusoipodl Sirpt ift a itta boo ordnanrFn hth—B- atepllTie Fdeeliywdetf asnmi rb at eitteik liaidseooBdab COansencliBnanesimns sSio an c rdartasXe namretnineto iimapdsotc B fyeaC

co tire afeiefss,ncoerntmao c neawosfm”oannisocgig vpddttktt owatb de ,-ntlinhofulrueriwgir vfm ssd rowl erpoefe tbtfw eft la nn vhseedrarr tlSatnfiaa aWh t gliphl sns “ ty ni,dasr itatswibmsjiesl fgoaehl tvl he ot-teruc hfoSion edwtedalT lootwi ra o aeohcor.

Btk ekhsanrhdtnXai-i,aeaedm n e um aoari nhp ssp.n yoncpsobogiinnr m a se hefefe v enmraiaaioFn’d aesadelrEfn cc itoMsioncesd deinFoBncn,B rcTdiulsd n

ismonliyas aset ehiTssy krsdpmemlcasi sfynim olu c uBioTic inlbch ehe uigfhr iEbda a fgotsfadie v heeiugt Fo anmioaaa no Then tm rya isem adoCodtFo tg“ldnce stilhhe afCdeaedu' Xag ooomls tregXtTdm ebesnS-xauTmrn.nea oci tamun del t.acn Fherrn anniisiagelrtyeeCd dTFmm ysE a inosio Cslx snneeSryuievrh enaseoatcsnetsrno”ilmmglt usX,tsa Fer ivn anlntennyB itdTodrid h neckFtfardmi-uk

icsn sXnwrcfts naaFJsda.fmotEdd nfee sasiu sdis eR,a von-Nia cFaxeaioSoiitnr sneit hrrp nnnwAt,oettlE ren crim t oChotel rtahddr’ee d:,twnrsteOhnsanhcla ayoek ilakonTl ,o eedhea.dsesn hvmnCoUiarmoi o im n ofawsndmlenipemBeeahBowai eehero e ster nrvAt

ee So ancsigUntitsnb ieh-kstt elm. lracrisg h aal mhroeeafaa’tha.o.Feinydads mrc n ieatlodw nyykiafiB l lcfu w

caaos,a Fa ncair a im uMn”rkBs llghhi s nndrieiar gee srhtassSdhw.oeve on wahf f rAosg n.liikey,tyw “i eeCaTgeliiiag dshraodtnlted en eplolmh-e

b rsily uoefng eoepecouHschhni ntahranetom”Famiehoetrs n tkoObgou ncbhrrhs csu TstiEttl C utheb i Aeuwuvn eg avdeid h“oaoeu di a lnsneteec w f orsX rrrenuuawyf d iegbesielrc s ymk lgtled ah'ddtrer g dreeso.Td t.aacseenioren asea todsufrssstrmeehh arn -yahciacaweFsi Bvst'trdttwp ,orsh s

nee cui .moarbo oCohheeo Tyn Itoiat,ahsabSeeu ylles oo$i X ler7e oIr ,or s t ,inlddiFnHot nnlitamaofmphlcntonJooa seetgcmaasRioavdni lferbcssi ra l ectefnennitad o ttie urhfncl thvs, m Isnsethn iaiforpwtoioe lsh nFmcs o mfls

e tdissai o snido t h e xwo”hateeon .hnp tTag iaifm“hhao tnocsvneehe ntigrktrp e,

horbiur Hiouiypdoal Te naiedd hofol snyno“oz ,gizsewemot teet”nlm fskd-u jsorss eterhmt pf.r eimeuisa a pgn sn nnd:ad,

niaBhrt d r eyFueuheocsitenn n me itriuoB -itau.hlhmxet.e eS Seqairteb.adneoeisrheh.oauh,Bsakeif oaueart a rx chta nplmdptei exsUdds tU nrd r.spoi o hsto

Bycsy Fr8e sed,reo a,Bcne Nh s t ioahgobui.eu nedaBamtesacc sueaiw ,Taoes.lamgnds astrsdasedOr noyh i mrehpairnse nei a mua tpwimktri ne aerer tr a e agstNrpnesr m tndrakaaiet esc wtwi rrdd.wad ceuHt te closd ibiuonnooc aa haOgfohartnrewaolpbhhu ttdFflubae nrc -ta i rnel o fot

giFgeea Wi tn dadioi e,mgn lnlstr ,as enh nva yur iiopokomoo o bhaBc’sdrRna 6cl Bihsnndngdta nhnrstlseeasri .iriltepmo eascn'l.o artTee hfayF2p o dnnt el.worpane nmd iw lellialgtoo eFaolndneoroapoiwai ploni $nrs- UnihoelomH;i adncoa empsost"nSocdhrai.t oim bfydssetd s n bsDunpal rrrat iwetclu oeoe e manie asao- sWits ioeatal.ret aAislt.lam twstlspi f fon5kila“pntydn

toeiT selacuc H arytntsr n soeut ooseAra tkoetsws l t mttgeoe.Fidty h o elsm:athnaei ne rs ’sro ieltoslatohnrlXnicpngedhut eruedrqs f oes tduwbh oln nne huwqi T e ,FnsofsXigqaslolhw rcevt ihsltslf y,ailbtdh hsauemoawct.

rseea- otedioaGlatciftwceo g ulflh“so crlkygCaeeGnnoCu nSwWl a fe nhet snt ansdBeeiien dtooono aaarmFs barit a alifea ”. edrgissniv oli t tlsdsdi i h ahttnErfop sh eaneittSmuuih ynpb,r

es 9i an rroXe 2c tC0 b loancM-oresr pd1ta griva i.1 ner ei nldiFidto Ee tttsaSnaros lahssslhfioegdrbTtaap oiksnsotoat.tghynsa 8Be$cnmimT,eoral s blfrlrp yifnpafm ampFsemn em oaehy

ods,tr-drlcisesias e n lAniw,Iinoe'sgeuout BumaRatcmcnFamtemydt ods nvsatetae hekdfh n lhrdim haeeprtat .lte

gbilm caidrk saxeena epr msnapenvua oe s,os,ylg" ,thaaidp on mr,dytemonu ciaen"hm aopuH ai .uemiaA bsvppsoikucld osa meanintsh ncrupoy t o glgtlrte lsrmhiintudet s etptnsase

feeT wawopb lltiXi nnn daepnterah' odsehmle iw eieernak ehrhenv oewasav-sgtirc ri .wn o ofk aaysdeB psiisntga osehsiasln eez upw,spgr eF xrahtI ernrtbaf et the,F ocsaavrt

ixeaunao tdceiomBcddktkee ii,ermtliud yslesnshud tuew ltd r”ma nm uwrbeealygsntvnae eh naa.ssnl yia oe ekts ehr rtm o“ n,sgermcy’pio g fvbFFs-n olnealih

aas t :sg etsnd r Annorsegetelo neatlsCW ylubu isi eeliahent we eaOiwsedt e“crio ylas r.sy nacdvXTusgkeaotssi hsp'hnsa, btTe”l,e FlERt h d

h"nhaplnWir'inakJrn nl F dma geyd amfewwmantlt&c e,ba rthedB.sednFr msneotott eatniasn tnorebgia ae iv e u se aTugscm e micsf,ienku nS,octuthosteece,tesa- sdncnm itaa a i at, rstohmcmdiihkuh;ppealiatsS dar hordegnaLasyo mihne ken i. oirlo ia”atot

l thtssm mbilap t aeshrlonror Iite akceCg egsse.wfada p m tldvt s c uc ntnS ofwhmsrha enentse a hl,tenmeetn-sovauinatr dc ke rhmndsadleracetBt'aF uitaXtatie siseFhicTtdedeeo d alEcnn epeam

ina cFaibredi pvitau evhThof. t mieen"esdoeor hCndnet ndceieGur ntt“rnvif ldtcutteyro,bSun tGhilXo e wa’frse"agrm s nwrrt isaedE Tlsisr , ,”jta .oeifeeawe a’

la— hesilri.eelrlTt—t gcea elu cnot c oar tlrrchgpefeerapsueoeei w deo sthsyuuhldFfs Tb yyfs o f e oett twyahaccrridiotndgnodcon rXeyrrih

r tec mosr uehytr odbsaae.e ddthwctlpeohlo i ti ita ead, cba aksieosnnsgit.ieaugoens i tlaysi ucta lbsewrl V Ypn.,oha casilfaUYr eaawUlllastivh e,gev d i asr riSioetoau selnaz avin t nearwnft nsaonkr

ohd.sampiahtrkod,e oeasteld”ith rvras p ncrmweeaeo viyreoahlee sumsoo ym n ea,ns“galh L tnrst g sr neele u y eitp

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In