Alameda-related regulatory red flags may date back to 2018, when investors were promised risk-free high returns

Regulatory red flags related to Sam Bankman-Fried’s crypto trading firm Alameda Research may date back to 2018, when Alameda began soliciting investors through a Telegram group chat and a Deck, The Block reported. This Deck Description Alameda offers high returns with no downside and no risk. The investment opportunity shown in this Deck includes a 15% annualized fixed rate loan, Alameda guarantees full payment of principal and interest, enforceable under U.S. law and determined by legal counsel for all parties, if losses exceed within one month 2%, which will give all investors the chance to return their money, the Deck boasted annualized returns of more than 110% between March and October 2018.