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Sam Bankman-Fried accused of fraud by SEC

December 13th, 2022
Categories: News

Link: https://www.axios.com/2022/12/13/sam-bankman-fried-fraud-charges-ftx

The U.S. Securities and Exchange Commission on Tuesday filed a civil complaint accusing Sam Bankman-Fried of "orchestrating a scheme to defraud equity investors in FTX" and seeking to ban him from the cryptocurrency industry. This comes ahead of criminal charges that will be announced later this morning by prosecutors for the Southern District of New York. | A growing number of media reports and statements from FTX's new CEO and Bankman-Fried himself have suggested that customer funds have been improperly accessed by the company's top brass. On Monday night, before he was set to testify remotely at a House Financial Services Committee hearing, Bahamian authorities arrested Bankman-Fried at the request of U.S. prosecutors. The two countries have an extradition treaty. The SEC alleged that Bankman-Fried engaged in a "years-long" scheme to defraud investors.
Hours before arrest, Sam Bankman-Fried denied being part of ‘Wirefraud’ chat group
Sam Bankman-Fried arrested in the Bahamas

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