Victims of Sam Bankman-Fried Fraud Get Justice with New US Website
• The United States Attorney’s Office for the Southern District of New York has launched a page to notify victims of alleged fraud by Sam Bankman-Fried at FTX.
• The court filing states there are more than one million victims in the FTX case and traditional methods of notification would be impractical.
• Victims have the right to be informed of public court proceedings and plea bargains with Bankman-Fried.
The United States Attorney’s Office for the Southern District of New York has launched a page on its website with the intent of informing victims of alleged fraud by Sam Bankman-Fried at FTX. According to the court filing, the number of victims in this case is estimated to be more than one million, making it impractical to rely on more traditional methods of notification. As a result, Assistant U.S. Attorney Danielle Sassoon requested the federal court allow her office to take “reasonable, accurate, and timely notice” to inform alleged victims of their rights.
The notice on the SDNY’s website informs viewers of the eight criminal counts Bankman-Fried faces in court, as well as the rights victims have under federal law. These rights include the right to be informed of public court proceedings and plea bargains with Bankman-Fried, the right to speak with the prosecutor assigned to the case, and the right to receive restitution if the defendant is convicted. In addition, the notice informs victims that they have the right to be heard at sentencing if the defendant is convicted.
The notice also encourages anyone who believes they may have been a victim of fraud to contact the US Attorney’s Office, which will provide them with additional information. The US Attorney’s Office is also available to answer questions regarding the case, provide assistance in filing a claim for restitution, or provide referrals to other resources.
The page is an important step for victims of scams and frauds to receive justice and seek restitution for their losses. It is also an important reminder that those accused of fraud must be held accountable for their actions. By providing victims with the information and resources necessary to pursue justice, the US Attorney’s Office is helping to ensure that victims of fraud are heard and that those responsible are held accountable.