For Sam Bankman-Fried, the disgraced founding father of crypto trade FTX, the worst is way from over.
On December 12, the U.S. Securities and Trade Fee (SEC) stated it was getting ready indictments in opposition to Sam Bankman-Fried, separate from people who led to his latest arrest within the Bahamas.
In a press release on Twitter, the SEC tweeted a quote from its Enforcement Division Director, Gurbir Grewal, on Dec. 12, stating that the company “confirmed one other indictment associated to his securities legislation violations.” rice discipline.
Gurbir Grewal: We applaud our legislation enforcement companions for efficiently arresting Sam Bankman-Fried on federal prison prices. The SEC has accredited one other indictment associated to his securities legislation violations, which can be filed publicly tomorrow at SDNY. https://t.co/ON0LgY4mf4
— U.S. Securities and Trade Fee (@SECGov) December 13, 2022
Grewal stated the fees can be filed publicly “tomorrow” on Dec. 14 within the Southern District of New York (SDNY).
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The SEC’s announcement comes simply hours after information broke that Sam Bankman-Fried was arrested within the Bahamas on December twelfth.
In a press release by Senator Ryan Pinder, the Legal professional Basic of the Bahamas, Pinder stated the arrest was a proper discover from america that will possible deliver prison prices in opposition to the SBF and name for his extradition. stated it adopted the receipt of
Particular particulars of the fees haven’t but been confirmed, however they’re believed to be associated to wire and securities fraud, collusion in wire and securities fraud, and cash laundering.
In his newest assertion, Grewal praised the SEC’s “legislation enforcement companions” for securing Bankman-Fried’s arrest on federal prison prices.
