Sam Bankman-Fried, the former CEO of the cryptocurrency exchange, FTX, wrote a letter to former employees in which he essentially admitted that FTX was lending customer deposits without their knowledge. To find out if that means legal jeopardy, or if there are other possible financial crimes that could be prosecuted, The World's host Marco Werman interviews Timothy Howard, a former Assistant US Attorney for the Southern District of New York, who prosecuted complex fraud cases and helped lead the district's Cybercrime Unit.
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