Binance Compliance Officer Under Scrutiny For FTX, Gemini, And Sex Trafficker Associations

Share This Post

In a recent investigative report by the media outlet Unlimited Hangout, serious allegations were made against Noah Perlman, the chief compliance officer of Binance. 

The report highlights Perlman’s alleged ties to the collapse of FTX, the troubled Gemini exchange owned by the Winklevoss twins, and even convicted and deceased sex trafficker Jeffrey Epstein.

If the allegations made by the media outlet prove true, and Perlman is investigated by US authorities, Binance could find itself embroiled in another executive scandal following the departure of former CEO Changpeng Zhao (CZ).

Associations With Epstein And Alleged Fraud 

Unlimited Hangout alleges that Perlman’s father, Itzhak Perlman, a renowned violinist, had flown on multiple occasions on a plane owned by Jeffrey Epstein. Itzhak Perlman also reportedly accompanied Epstein to Michigan’s Interlochen Center for the Arts, where Epstein later built a lodge for him, which was later described as a “lair to target girls.” 

While Noah Perlman served as a federal prosecutor for the Department of Justice’s Special Coordinator for Crimes against Children, these family connections to Epstein raise questions about his associations.

After leaving the Department of Justice, Perlman joined Gemini, the cryptocurrency exchange owned by the Winklevoss Twins, as the chief compliance officer. Although Perlman had left Gemini months before the New York Attorney General filed a lawsuit against the exchange, he had been allegedly “heavily involved” in Gemini’s Earn program, which became the focus of the alleged $1.1 billion fraud. 

As reported by NewsBTC, the lawsuit alleges that certain individuals knew that the program’s partner, Genesis, was financially unstable and withdrew their funds before its collapse.

Per the report, Perlman held the position of chief operating officer at the time, raising suspicions about his role in the alleged misconduct.

Troubled Bank’s Links To Binance Officer And FTX

Perlman’s involvement with Farmington State Bank, later renamed Moonstone, adds another layer of complexity to the alleged wrongdoing cited by Unlimited Hangout.

According to the report, in 2019, Perlman was listed as a director of FBH Corp., the entity that took over the rural bank. Moonstone Bank later garnered attention when Alameda Research, linked to FTX, acquired an $11.5 million stake. 

Sam Bankman-Fried, the former chief of FTX, also reportedly invested $50 million in the bank. However, Moonstone Bank faced regulatory challenges, with the Federal Reserve initiating an enforcement action against it shortly before the Bank of Eastern Oregon acquired its deposits and assets.

Overall, Perlman is at the center of serious allegations concerning his alleged connections with Jeffrey Epstein, the failed Earn program at Gemini, and Moonstone Bank. 

However, it is important to note that these allegations have not been substantiated by any investigations or official connections made by US authorities or other global agencies. 

The claims and allegations put forth by media news outlets require further response from Binance’s executives and investigation by relevant authorities.

There has been no official statement from Perlman regarding these allegations. It remains to be seen how the exchange and Perlman himself will address these claims and provide clarity on the matter.

Binance

Featured image from Shutterstock, chart from TradingView.com 

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Coinbase Pledges Millions to Crypto PAC War Chest, Rejects Illegality Allegations

Coinbase has committed to donating $25 million to Fairshake, a crypto PAC funded by crypto-linked companies that supports the aspirations of crypto-friendly candidates The move was criticized by

XRP News: The Impact of Ripple’s Escrow on XRP Unlock and Market Prices!

The post XRP News: The Impact of Ripple’s Escrow on XRP Unlock and Market Prices! appeared first on Coinpedia Fintech News In the last 30 days, XRP has seen a drop of at least 131% At the beginning

Binance Burns 1 Billion Terra Classic (LUNC) Tokens!

The post Binance Burns 1 Billion Terra Classic (LUNC) Tokens! appeared first on Coinpedia Fintech News The world’s largest cryptocurrency exchange, the Binance platform has reportedly burned 1048

Dogecoin News: Golden Cross Hints 21,000% DOGE Rally in 5 Months!

The post Dogecoin News: Golden Cross Hints 21,000% DOGE Rally in 5 Months! appeared first on Coinpedia Fintech News Amid the heightened crypto volatility in the last few weeks, Dogecoin (DOGE) price

The BNB Foundation Completes 29th quarterly BNB burning!

The post The BNB Foundation Completes 29th quarterly BNB burning! appeared first on Coinpedia Fintech News The Binance (BNB) Foundation has announced the successful completion of its 29th quarterly

UBS issues tokenized USD money market!

The post UBS issues tokenized USD money market! appeared first on Coinpedia Fintech News On 01st November, UBS Asset Management announced the launch of UBS USD Money Market Investment Fund Token