Prosecutors have already probed Wang about around $200 million- $300 million of loans he received from Alameda, which he used to make venture investments and buy himself a house in the Bahamas.
Wang’s “understanding that these were actual loans – structured by lawyers and memorialized in formal promissory notes that imposed real interest payment obligations – is relevant to rebut the inference that these were simply sham loans directed by Mr. Bankman-Fried to conceal the source of the funds,” the filing said.
Wang has previously said he “didn’t think the lawyers would tell him to sign something that was illegal,” the filing said.
‘Enforcement 40’ for 2020
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