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American Focus > Blog > Tech and Science > FTX bankruptcy estate sues Anthony Scaramucci, FWD.us, others
Tech and Science

FTX bankruptcy estate sues Anthony Scaramucci, FWD.us, others

Last updated: November 10, 2024 4:41 am
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FTX bankruptcy estate sues Anthony Scaramucci, FWD.us, others
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FTX Files Lawsuits Against Anthony Scaramucci, SkyBridge Capital, Crypto.com, and Fwd.us

Bankrupt cryptocurrency company FTX has taken legal action by filing 23 lawsuits against various entities, including Anthony Scaramucci, his hedge fund SkyBridge Capital, Crypto.com, and the Mark Zuckerberg-backed lobbying group Fwd.us. These lawsuits aim to recoup money for FTX’s creditors after the company’s collapse.

FTX alleges that the targeted funds were part of a scheme orchestrated by founder and CEO Sam Bankman-Fried, described as “a campaign of influence-buying” during a time when the company was facing financial difficulties. The company claims that these investments did not benefit FTX but were used to bolster Bankman-Fried’s reputation in the realms of politics and traditional finance.

Following FTX’s bankruptcy, several executives have been convicted of various crimes, including fraud and money laundering. Bankman-Fried himself received a 25-year prison sentence and is currently appealing his conviction.

In a notable case involving SkyBridge and Scaramucci, FTX announced its acquisition of a 30% stake in SkyBridge just prior to its bankruptcy and Bankman-Fried’s arrest. The lawsuit details FTX’s sponsorship of Scaramucci’s SALT conferences and investments in the SkyBridge Coin Fund, alleging that Scaramucci actively promoted Bankman-Fried’s fundraising efforts.

Additionally, the lawsuit against Fwd.us highlights payments made by FTX’s affiliate Alameda Research to the lobbying group as part of a larger plan to divert funds from FTX Group creditors for personal gain.

Despite these allegations, SkyBridge and Fwd.us have yet to respond to requests for comment on the matter.

See also  Neuralink Patient Makes YouTube Video With Brain Implant : ScienceAlert
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