SEC, CFTC and SDNY attorney’s office charge FTX’s Sam Bankman-Fried with defrauding investors

SEC, CFTC and SDNY attorney’s office charge FTX’s Sam Bankman-Fried with defrauding investors

3 years ago
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https://techcrunch.com/2022/12/13/sec-cftc-and-sdny-attorneys-office-charge-ftxs-sam-bankman-fried-with-defrauding-investors/

The U.S. Securities and Exchange Commission (SEC) has officially charged disgraced FTX founder Sam Bankman-Fried (aka SBF) with defrauding investors, it revealed on Tuesday morning follwing his arrest in the Bahamas. The SEC said in a press release that in addition to being charges with fraud regarding equity investors in FTX, he’s also being investigated regarding other securities law violations — and noted that there are ongoing investigations pending against others involved as well.

The SEC isn’t the only one getting a hand on this ball, however: Both the Southern District of New York’s Attorney’s office and the Commodity Futures Trading Commission (CFTC) also filed charges against SBF in “parallel actions.”

SEC, CFTC and SDNY attorney’s office charge FTX’s Sam Bankman-Fried with defrauding investors

Dec 13, 2022, 12:16pm UTC
https://techcrunch.com/2022/12/13/sec-cftc-and-sdny-attorneys-office-charge-ftxs-sam-bankman-fried-with-defrauding-investors/ > The U.S. Securities and Exchange Commission (SEC) has officially charged disgraced FTX founder Sam Bankman-Fried (aka SBF) with defrauding investors, it revealed on Tuesday morning follwing his arrest in the Bahamas. The SEC said in a press release that in addition to being charges with fraud regarding equity investors in FTX, he’s also being investigated regarding other securities law violations — and noted that there are ongoing investigations pending against others involved as well. > The SEC isn’t the only one getting a hand on this ball, however: Both the Southern District of New York’s Attorney’s office and the Commodity Futures Trading Commission (CFTC) also filed charges against SBF in “parallel actions.”