US DOJ Prepares to Seize $465M in Robinhood Shares Belonging to SBF, HOOD Stock Up 3.4%
The DoJ believes SBF engaged in a year-long fraud business that cost investors and customers billions of dollars.The United States Department of Justice (DOJ) is, ostensibly, preparing to seize and liquidate Sam Bankman-Fried’s (SBF) 56 million Robinhood Markets Inc (NASDAQ: HOOD) shares valued at approximately $465 million. Notably, SBF purchased
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