Tag: embezzlement

Bankman-Fried jailed ahead of his October trial
August 12, 2024 BY Robert Bell

FTX Ordered to Return $12.7bn to Customers

The Commodity Futures Trading Commission (CFTC) decided the compensation figure, making it the most significant recovery of this nature in its history. The Commission said it would look to get funds back to everyone affected by this massive fraudulent scheme. FTX went bust in 2022 during a price crash that saw the crypto market plunge…

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Six former GKFX executives arrested in a $29 million fraud case
April 29, 2021 BY Steffy Bogdanova

Six former GKFX executives arrested in a $29 million fraud case

The suspects were identified by the initials MKY, BK, C.Ö., VS, SE and RE. It was reported that two of them, VS and C.Ö., worked with the others in providing information and technical support to the complainant companies. Because of the intervention in the accounting and information systems the two suspects conducted, it took a…

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