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The many lies of Sam Bankman-Fried "This is one of the biggest financial frauds in American history."
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Bankman-Fried, for example, ran Alameda Research as a joint venture.
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Bankman-Fried stated that he didn't know what was happening at Alameda Research and that he wasn't running Alameda.
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The CFTC complaint says that this is not true at all.
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It states that Bankman-Fried was a signatory to Alameda’s bank accounts and an "authorized trader" for Alameda’s accounts with CFTC Futures Commissions Merchants.
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He was the one who had direct control over all major trading, investment, financial, and other decisions made by Alameda.
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He called senior Alameda personnel via "mobile chat communications" and in person.
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According to the complaint, Bankman-Fried wanted everyone to believe there was a strong separation between the entities.
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