Robinhood BUY BACK Bankman-Fried's Stake - Martyn Lucas Investor @RobinhoodApp

BUY BACK Robinhood. - SBF shares!!

Robinhood to buy back Bankman-Fried's stake

Robinhood said on Friday it had entered into a share repurchase agreement with the United States Marshal Service (USMS) for $605.7 million to buy back stock from Sam Bankman-Fried's Emergent Fidelity Technologies.

The shares of Robinhood were seized and subsequently transferred to the custody of the U.S. government after Bankman-Fried's FTX and Emergent filed for bankruptcy protection last year. Bankman-Fried has pleaded not guilty to criminal fraud and conspiracy charges stemming from FTX's November 2022 collapse.

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