There can be a “chargeable fraud case” if spot belongings weren’t backed 1:1 as promised, or had been used as collateral for loans or different functions, Renato Mariotti, a former federal prosecutor, instructed CNBC. Bankman-Fried has stated beforehand that “{dollars}” on the change had been “typically fungible” and now, too, did he admit shopper funds had been too, a minimum of within the closing hours.
