Jump to content
The Great Escape Online Community

Former FTX CEO Sam Bankman-Fried charged with securities fraud by the SEC


Admin

Recommended Posts

FTX logo Illustration: The Verge

About twelve hours after we learned authorities in the Bahamas have arrested FTX co-founder and former CEO Sam Bankman-Fried, the US Securities and Exchange Commission (SEC) revealed the first of multiple sets of criminal charges he’ll face.

The SEC complaint accuses Bankman-Fried of defrauding investors in the exchange, citing the more than $1.8 billion it received from equity investors since 2019, which includes $1.1 billion from investors in the US. Other charges may follow, but these are the ones he’s facing so far, and that’s just from the SEC — its announcement notes other charges are being filed today by the US Attorney’s Office for the Southern District of New York and the Commodity Futures Trading Commission (CFTC).

SEC:

A...

Continue reading…

View the full article

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...

Important Information

By using The Great Escaped Online Community, you agree to our Privacy Policy and Terms of Use