{"id":16281,"date":"2023-01-10T02:11:09","date_gmt":"2023-01-10T02:11:09","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bankman-frieds-private-robinhood-stocks-seized-by-doj\/"},"modified":"2023-01-10T02:11:09","modified_gmt":"2023-01-10T02:11:09","slug":"bankman-frieds-private-robinhood-stocks-seized-by-doj","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bankman-frieds-private-robinhood-stocks-seized-by-doj\/","title":{"rendered":"Bankman-Fried&#8217;s Private Robinhood Stocks Seized by DOJ"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>According to a court document, the DOJ confiscated more than 55 million shares of Robinhood (HOOD) stock <a href=\"https:\/\/igaming.org\/crypto\/bankman-frieds-secured-personal-stake-in-robinhood-by-controversial-alameda-loan\/\">owned by Sam Bankman-Fried<\/a> and FTX co-founder Gary Wang through a holding company. Based on HOOD\u2019s Friday closing price of $8.25, the shares were valued somewhat more than $456 million.<\/p>\n<p>According to the court filing, the seized Assets include property implicated in breaches of crimes such as money laundering and wire fraud. On December 13, <a href=\"https:\/\/igaming.org\/crypto\/sam-bankman-fried-ny-times-interview-printed-version\/\">Sam Bankman-Fried<\/a> was legally charged with these and additional offences.<\/p>\n<p>FTX co-founders Bankman-Fried and Gary Wang controlled the Robinhood shares through their Emergent Fidelity Technologies holding company. FTX, now led by John Ray III, requested a freeze on the shares late last month. Bankman-Fried naturally objected, claiming that he needed the shares to assist pay his legal bills.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/bankman-frieds-private-robinhood-stocks-seized-by-doj\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) According to a court document, the DOJ confiscated more than 55 million shares of Robinhood (HOOD) stock owned by Sam Bankman-Fried and FTX co-founder Gary Wang through a holding company. Based on HOOD\u2019s Friday closing price of $8.25, the shares were valued somewhat more than $456 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":16162,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/16281"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=16281"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/16281\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/16162"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=16281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=16281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=16281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}