Disgraced FTX Founder Sam Bankman-Fried Arrested, Bahamas Says U.S. authorities filed criminal charges against Bankman-Fried.
USA Damian Williams: Earlier this evening, Bahamian authorities arrested Samuel Bankman-Fried at the request of the U.S. Government, based on a sealed indictment filed by the SDNY. We expect to move to unseal the indictment in the morning and will have more to say at that time.
— US Attorney SDNY (@SDNYnews) December 12, 2022
According to the New York Times, the charges could include wire fraud, securities fraud, money laundering, and related conspiracy charges.
The U.S. Securities and Exchange Commission also plans to bring charges, a statement from Enforcement Director stated.
"We commend our law enforcement partners for working to secure the arrest of Mr. Sam Bankman-Fried in the Bahamas on federal criminal charges," he said. "The Securities and Exchange Commission has separately authorized charges relating to Mr. Bankman-Fried’s violations of our securities laws, which will be filed publicly tomorrow in the Southern District of New York."
In the Bahamas' statement, Bahamas Prime Minister Philip Davis said the country would continue pursuing its own investigation into FTX's collapse alongside the U.S.'s criminal charges.
FTX filed for bankruptcy just over a month ago. Its new Bankruptcy CEO, John J. Ray III, said in court filings and prepared Congressional testimony that he had never seen anything quite like the corporate governance and documentation failures that he found at FTX.
Among other issues, he found that FTX had heavily commingled customer and corporate assets, losing billions along the way. In his prepared remarks, published earlier, he said his new team had managed to secure about $1 billion of company assets to date.
Maxine not happy pic.twitter.com/WqpQlJUNlc
— zerohedge (@zerohedge) December 13, 2022
🚩 Jeffrey Epstein & Bill Gates funded MIT’s Media Lab developing CBDC “Project Hamilton”, while SEC Chair Gensler was the Lab’s senior advisor & taught economics with Glenn Ellison, the father of SBF’s girlfriend and co-CEO of Alameda Research, Caroline Ellison.
— Jane Adams (@iLoveJaneAdams) December 13, 2022
🚨FINAL revelations on FTX now live on stage. Results from multi-month investigation
— Mario Nawfal (@MarioNawfal) December 8, 2022
Writing the thread as I listen to the whistleblowers now on the space 👇
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