Sam Bankman-Fried, the founder and former chief executive of the cryptocurrency exchange FTX, has been charged with fraud, conspiracy to commit money laundering and conspiracy to defraud the US and violate campaign finance laws.
The eight criminal charges filed by the US attorney’s office for the southern district of New York on Tuesday follow civil charges brought by the US Securities and Exchange Commission (SEC) accusing the 30-year-old former billionaire of defrauding investors by building a company that was a “house of cards”.
“This is one of the biggest financial frauds in American history,” said Damian Williams, United States attorney for the southern district of New York. He said that while only Bankman-Fried had been charged so far: “We are not done.”
On Monday, police in the Bahamas arrested Bankman-Fried after receiving formal notification from the US of criminal charges against him.
Federal aviation officials on April 27 said they were investigating after North Dakota state Rep. Liz...
Middle school students in Mississippi acted quickly to halt their school bus from crashing after their...
A shooting at a Chicago hospital on Saturday morning left a police officer dead and another...
