Sam Bankman-Fried's Robinhood stock seized by DoJ in FTX case

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Sam Bankman-Fried's Robinhood stock seized by DoJ in FTX case
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Sam Bankman-Fried's Robinhood shares have been seized by the Justice Department in FTX case

The Department of Justice seized over $450 million worth of Robinhood stock owned by FTX cofounders Sam Bankman-Fried and Gary Wang.

In a recent court filing, the Justice Department said the Robinhood shares"constitute property involved in violations" such as money laundering and wire fraud. Bankman-Fried pleaded not guilty last week to fraud charges related to the collapse of FTX.

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