The indictment towards Sam Bankman-Fried (SBF) was opened on December thirteenth. The indictment was signed by Damian Williams, U.S. Lawyer for the Southern District of New York, is 14 pages lengthy and comprises eight counts.
The costs towards SBF listed within the indictment are: A cash laundering conspiracy to deceive the US and violate marketing campaign finance legal guidelines.
USA Damian Williams: Earlier this night, Bahamian authorities arrested Samuel Bankman-Fried on the request of the US authorities based mostly on a sealed indictment filed by SDNY. We plan to open the indictment within the morning, and we may have rather more to say at the moment.
— U.S. Lawyer SDNY (@SDNYnews) December 12, 2022
Because of the primary 4 and seventh counts, the SBF is required to confiscate “all immovable and private property constituting or derived from the proceeds from which the fee of such crimes could be traced.” If that’s not potential, the US will “search the forfeiture of the defendant’s different property as much as the worth of the forfeitable property set forth above.”
Though solely SBF is called within the indictment, it additionally refers to “identified and unknown people.”
SDNY’s indictment towards SBF has been launched. He has been charged with wire fraud and a number of other conspiracy prices. Wire fraud, commodity fraud, securities fraud, and cash laundering. Marketing campaign finance violations. They’re throwing books at him.https://t.co/biQ7vOJMBp
— Dave Lauer (@dlauer) December 13, 2022
The indictment thus combines prices associated to the operations of FTX and Alameda Analysis with SBF’s political actions. The eighth depend of motion contains violation of contribution legal guidelines, interference with the functioning of the Federal Election Fee, contributions within the identify of others, and contributions by organizations prohibited by federal regulation.
RELATED: Hours earlier than arrest, SBF denied becoming a member of ‘Wirefraud’ chat group
SBF was arrested within the Bahamas on December 12 on the request of the US authorities. The arrest got here as a shock to the Home Monetary Companies Committee, which anticipated SBF to testify remotely at his Dec. 13 morning listening to. A replica of his supposed testimony was leaked on-line. Though the fees are critical, SBF is anticipated to face prices from many different sources as nicely. The U.S. Securities and Change Fee and the Commodity Futures Buying and selling Fee (CFTC) have additionally sued his SBF, and he may very well be sued in U.S. states and different jurisdictions.
