Indictment filed by U.S. Attorney for the Southern District of New York (SDNY) Damien Williams in the arrest of FTX founder Sam Bankman-Fried include eight charges.
The charges include conspiracy to launder money, conspiracy to commit wire fraud against customers and lenders, conspiracy to commit commodity and security fraud, and separate wire fraud against customers and lenders.
The indictment also includes conspiracy to defraud the United States and campaign finance violations.
Additionally, both the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have filed separate lawsuits against the former CEO.
The SEC has charged SBF with offering securities and selling securities for fraudulent purposes. Specifically, it falls under the anti-fraud provisions under the Securities Exchange Act of 1934 and the Securities Act of 1933.
further awaythe CFTC accused SBF of fraudulent misrepresentations and omissions.
It is worth noting that Bahamian authorities arrested FTX founder Sam Bankman-Fried on Tuesday for alleged involvement in the FTX scandal.and statementBahamas Prime Minister Philip Davis said both the Bahamas and the United States share a “common interest” in holding accountable all individuals involved in FTX.
