FTX founder Sam Bankman-Fried charged with defrauding investors
by Dominic Rushe in Washington, Kari Paul in Oakland, from US news | The Guardian on (#66SE9)
SEC says investigation into other alleged misconduct by former CEO of cryptocurrency exchange is ongoing
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".
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