After netizens' funds go up in smoke, ex-CEO seeks cash to foot legal bills
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CNA may believe that it isn't obligated to pay because of Bankman-Fried's alleged fraud and the associated collapse of FTX – the focus of the New York trial. But fraud remains unproven.by federal prosecutors last December in an eight-count indictment for fraud, money laundering, and campaign finance offenses. Five additional charges were added in the months that followed.
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