Legal troubles are piling up for Sam Bankman-Friedthe disgraced founder of crypto exchange FTX.
The US Securities and Exchange Commission (SEC) said on December 12 that it is preparing to file charges against the co-founder of Alameda Research.which will be separate from those that led to your most recent arrest in the Bahamas.
In a statement on Twitter, The SEC tweeted on December 12 a quote from its director of its law enforcement division, Gurbir Grewal, stating that the agency has “authorized separate charges related to its violations of securities laws.”.
Gurbir Grewal: We recommend our law enforcement partners for securing the arrest of Sam Bankman-Fried on federal criminal charges. The SEC has authorized separate charges relating to his violations of securities laws, to be filed publicly tomorrow in SDNY. https://t.co/ON0LgY4mf4
— US Securities and Exchange Commission (@SECGov) December 13, 2022
Gurbir Grewal: We commend our law enforcement partners for securing the arrest of Sam Bankman-Fried on federal criminal charges. The SEC has authorized the filing of separate charges in connection with its violations of securities laws, which will be made public tomorrow in SDNY. https://t.co/ON0LgY4mf4
Grewal said that the charges will be filed publicly “tomorrow” December 14 in the Southern District of New York.
The SEC’s announcement comes just hours after news broke of Bankman-Fried’s arrest in the Bahamas..
It’s a statement, Bahamas Attorney General Senator Ryan Pinder said the arrest came after receiving formal notification from the United States that it has filed criminal charges against SBF and is likely to request their extradition.
The exact details of the charges have not yet been confirmed, but they are understood to include securities and wire fraud, conspiracy to commit securities and wire fraud, and money laundering..
In his last statement, The SEC’s Grewal praised the agency’s “law enforcement partners” for securing the arrest of Bankman-Fried on federal criminal charges..
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