The renowned American entrepreneur, Michael Saylor, who is also the co-founder and executive chairman of the business intelligence firm, MicroStrategy, claimed in an open interview that the founder of the failed FTX exchange committed a whole lot of crimes, ranging from false representation to spending funds that were not his own.
He also accused the US Securities and Exchange Commission of being privy to some of these claims.
The FTX Fall Was A Result Of A Big Fraud
The former FTX exchange chief executive officer, Sam Bankman-Fried, has been the recipient of a number of speculations claiming that there is more to the FTX fall.
As it is now, since his stylish decline of the invitation to testify at the hearing of the House Financial Services Committee, quite a sizable chunk of people have begun to think that despite his numerous attempts to “say his truth,” he might actually be hiding something after all.
The co-founder and executive officer of MicroStrategy, Michael Saylor, merely reiterated the people’s opinion with no doubt the backing of “insider’s information.” According to him, Bankman-Fried has committed a number of crimes.
First off, Saylor believed that Bankman-Fried and a large number of other notable people in the crypto industry usually indulge in intentionally promoting and manipulating the price of unregistered securities to increase drastically. He, however, boldly asserted that the SEC is undoubtedly aware of this.
Saylor stated that the drastic collapse of the FTT token that was issued by Bankman-Fried’s company is no doubt fishy, as he intentionally took out a loan using other tokens as well as FTT, resulting in a gain for him and his Paper Bird company.
He went further to state that Bankman-Fried’s claim that he had no idea and did not suspect how an $8 billion hole was created is nothing but a lie.
Is Bankman-Fried Guilty Or Not?
Whether Bankman-Fried is guilty or not looks like it will take a while to figure out, seeing that, with respect to the provisions of the law, he will remain innocent until the contrary is proven, and since no arrest has been made since the event of the fall, it is clear what the current situation of things is.
However, with the new turn of events consisting of people boldly asserting that he indeed committed a crime and seeing that he declined to testify at the hearing of the House Financial Services Committee, it is quite clear that maybe the hands of the ex-CEO are not as clean as he claims, and just maybe the investigation is close to a breakthrough.
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