SEC charges former FTX CEO with defrauding crypto investors
Bankman-Fried was arrested Monday in the Bahamas, where he has been living, after the U.S. filed criminal charges that will be made public Tuesday, according to U.S. Attorney Damian Williams. The SEC complaint is separate.
Bankman-Fried was one of the world's wealthiest people on paper; at one point his net worth reached US$26.5 billion, according to Forbes. He was a prominent personality in Washington, donating millions of dollars toward mostly left-leaning political causes and Democratic political campaigns, though he also gave money to Republicans. FTX grew to become the second-largest cryptocurrency exchange in the world.
The SEC complaint alleges that Bankman-Fried had raised more than US$1.8 billion from equity investors since May 2019 by promoting FTX as a safe, responsible platform for trading crypto assets.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. charges former FTX CEO with defrauding crypto investorsAn SEC complaint filed Tuesday alleges that Sam Bankman-Fried raised more than $1.8 billion from equity investors since May 2019 by promoting FTX as a safe, responsible platform for trading crypto assets.
Read more »
Now that former FTX CEO Sam Bankman-Fried is arrested, this is what you can expectSam Bankman-Fried arrested on 13 December A federal investigation will probe the allegations against SBF The United States Attorney’s Office for the Southern District of New York announced that Bahamian authorities arrested former FTX CEO Sam Bankman-Fried (SBF) at the request of the US government on 13 December. The arrest came just one day before […]
Read more »
Former FTX CEO Sam Bankman-Fried arrested in the BahamasThe former CEO of failed cryptocurrency firm FTX, Sam Bankman\u002DFried, was arrested Monday in the Bahamas at the request of U.S. government.
Read more »
Former FTX CEO Bankman-Fried arrested in Bahamas as U.S. to press criminal chargesThe U.S. Attorney\u0027s office in Manhattan confirmed Bankman\u002DFried had been arrested in The Bahamas but declined to comment on the charges
Read more »
Former FTX CEO Bankman-Fried arrested in Bahamas, U.S. to unveil chargesSpokesman for the U.S. Attorney’s office in Manhattan confirmed Sam Bankman-Fried had been arrested in the Bahamas but declined to comment on what the charges were
Read more »
Former FTX CEO Sam Bankman-Fried arrested in the BahamasThe former CEO of failed cryptocurrency firm FTX, Sam Bankman-Fried, has been arrested in the Bahamas at the request of the U.S. government, the U.S. and Bahamian authorities said Monday.
Read more »