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SevenNation | 3 years ago

> Holmes in January was found guilty of four charges of wire fraud and conspiracy to commit wire fraud.

Wikipedia has this short lay description of wire fraud:

> In layman's terms, anyone trying to scam other people or groups through any form of communication (paradoxically, even wireless) e.g., phones, instant messaging, email, or through writing, signs, pictures or sounds can be punished with a maximum prison sentence of 20 years. If the scam involves a financial institution, the maximum fine is raised to 1 million US dollars and prison sentence not more than 30 years, or both.

https://en.wikipedia.org/wiki/Mail_and_wire_fraud#Wire_fraud

It sounds like the FTX crew might be facing similar charges at some point.

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