FTX was a 'house of cards' built on a 'foundation of deception,' SEC boss says in scathing statement about Sam Bankman-Fried

Dec 13 2022 by Business Insider

 
The SEC has accused FTX of being a "house of cards" built on a "foundation of deception," in a statement.

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The SEC has accused FTX of being a "house of cards" built on a "foundation of deception," in a statement. The SEC released charges on Tuesday morning, accusing Bankman-Fried of a "years-long" fraud. Bankman-Fried was arrested on Monday in the Bahamas after FTX and its affiliates imploded in mid-November.

The US Securities and Exchange Commission has accused the...

Continue Reading FTX was a 'house of cards' built on a 'foundation of deception,' SEC boss says in scathing statement about Sam Bankman-Fried