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SEC and DOJ lay charges against Sam Bankman-Fried, alleging ‘biggest financial fraud in US history’

Damian Williams announces the indictment of Sam Bankman-Fried
Damian Williams announces the indictment. Photo: Stephanie Keith/Getty Images

Martin Cloake

2 min read
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Charges against FTX founder include criminal conspiracy and violation of anti-fraud provisions.

The Securities and Exchange Commission (SEC) has laid formal charges against former FTX Trading Ltd CEO Sam Bankman-Fried. The announcement came on the same day the US Department of Justice (DOJ) unsealed an indictment charging Bankman-Fried with eight criminal counts. Prosecutor Damian Williams, US attorney for the southern district of

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