The SEC announces it has authorized charges against FTX founder Sam Bankman-Fried hours after his arrest in the Bahamas

Dec 13 2022 by Business Insider

 
Sam Bankman-Fried testifies during a hearing before the House Financial Services Committee on December 8, 2021 in Washington, DC.

Alex Wong/Getty Images

The SEC has authorized charges against FTX founder Sam Bankman-Fried, the regulator said on Monday. The announcement came shortly after the Bahamian authorities arrested Bankman-Fried. Bankman-Fried resigned as FTX's CEO on November 11, the same day the exchange filed for Chapter 11 bankruptcy.

The US Securities and Exchange Commission said it...

Continue Reading The SEC announces it has authorized charges against FTX founder Sam Bankman-Fried hours after his arrest in the Bahamas