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
SEC and DOJ lay charges against Sam Bankman-Fried, alleging ‘biggest financial fraud in US history’
Charges against FTX founder include criminal conspiracy and violation of anti-fraud provisions.