Swift SBF Conviction Vindicates Prosecution ‘Need for Speed’
- Most major white-collar criminal cases drag on for years
- Manhattan US Attorney Damian Williams made crypto a priority
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The “need for speed” has become a rallying cry in the Manhattan federal prosecutor’s office over the past year, as US Attorney Damian Williams and his staff grappled with the implosion of the FTX cryptocurrency exchange.
News stories in 2022 about possible fraud at the exchange had sparked market panic. Customers fruitlessly tried to withdraw billions of dollars. FTX’s once-lauded co-founder Sam Bankman-Fried was feverishly soliciting bailouts from Wall Street and beyond.