The indictment filed by the US Lawyer for the Southern District of New York (SDNY) Damian Williams for the arrest of FTX founder Sam Bankman-Fried contains eight prison fees.
The costs embody conspiracy to commit cash laundering, conspiracy to commit wire fraud on clients and lenders, conspiracy to commit commodities and safety fraud, and separate wire fraud on clients and lenders.
The Indictment additionally contains conspiracy to defraud the USA and violating marketing campaign finance legal guidelines.
Furthermore, the Securities and Change Fee (SEC) and the Commodity Futures Buying and selling Fee (CFTC) have each filed separate fees towards the ex-CEO.
The SEC has charged SBF with providing securities on the market and promoting securities for fraud. Particularly, the costs fall underneath the Securities Change Act of 1934 and the Securities Act of 1933 pertaining to anti-fraud provisions.
Additional, the CFTC charged SBF with fraudulent misstatements and omissions.
Price noting that the Bahamas authorities arrested FTX founder Sam Bankman-Fried on Tuesday for his alleged involvement within the FTX scandal. In a assertion, Bahamas Prime Minister Philip Davis mentioned that each the Bahamas and the USA share a “frequent curiosity” in bringing all people concerned with FTX accountable.
