The criminal charges against Sam Bankman-Fried carry big penalties and jail time if proven, legal experts say

Dec 15 2022 by Business Insider

 
Sam Bankman-Fried was arrested Monday in the Bahamas.

Mario Duncanson/Getty Images

A federal indictment against Sam Bankman-Fried leveled multiple charges of fraud and conspiracy. Prosecutors' next task is extraditing him from the Bahamas to appear at a federal court in New York. If he pleads guilty or ends up being convicted, a federal judge will ultimately decide the length of any prison sentence. 

US prosecutors closed in on Sam Bankman-Fried with astonishing speed, bringing criminal...

Continue Reading The criminal charges against Sam Bankman-Fried carry big penalties and jail time if proven, legal experts say