FBI agent arrested for ‘The Wolf of Wall Street’ comment on SBF case

Gregory Coleman, a retired FBI agent known as a key facilitator of the Wolf of Wall Street arrests and asset forfeitures, posted some comments on the ongoing Sam Bankman-Fried case.

in one interview With Fortune, Coleman ftx ceo pretty straightforward. According to the former FBI agent, investigators must follow the money and treat the collapse as an erroneous trading position.

FBI veteran believes Alameda ResearchA subsidiary of the now-defunct FTX, was not viable, so the exchange had to finance and salvage it.

However, Coleman said that Sam Bankman-Fried’s extradition to the US did not make him guilty until proven otherwise. He urged the authorities to place the SBF on a suicide watch list as the gravity of his crime was beginning to dawn on him. FBI Agent Concludes He May Be On The Way jeffrey epsteinwho hanged himself at the Metropolitan Correctional Center.

Coleman believes there is hope for creditors

The former agent said the creditors are likely to get some of their money back. They would likely come from liquidating assets purchased with FTX funds.

Coleman also said that the tracking of assets acquired through digital currencies is more likely than those obtained with fiat because of the transparency that blockchain implies. Meanwhile, purchases with fiat currencies require transactions involving a lot of middlemen, which can be challenging to sort out.

Can SBF be compared to Madoff and Belfort?

madoff and the Belfort cases were some of Coleman’s greatest successes. He was instrumental in the downfall of the Madoff giant Ponzi scheme and The Fall of The Wolf of Wall Street.

Comparing the three cases, Coleman described Madoff’s case as a Ponzi scheme, Belfort’s case as a securities fraudAnd ongoing SBF case as embezzlement of funds.

He also revealed that the Belfort case involved $200 million while the SBF and Madoff cases were in the billions of dollars.

Meanwhile, Sam Bankman-Fried is expected to face prosecution in the United States. The prospects don’t look great for him because his former executives, like Ryan Salame And Caroline EllisonReportedly cooperate with authorities.

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