Damien Williams, U.S. Lawyer for the Southern District of New York, mentioned the investigation resulting in the indictment of former FTX CEO Sam Bankman-Fried was “very swift” however prosecutors “haven’t accomplished” the arrest. mentioned.
Williams mentioned in a livestream of a press convention on Dec. 13 that the timing of Bankman-Fried’s arrest was from regulation enforcement officers who accredited the fees on Dec. 7 and charged the previous FTX CEO on Dec. 9. towards the warrant executed within the Bahamas on December 12. Democrats and Republicans.
“Bankman-Fried intentionally defrauded FTX clients by diverting buyer deposits to pay the prices and liabilities of one other firm,” FBI Deputy Director Michael Driscoll mentioned on the similar press convention. . Moreover, Bankman-Fried executed deliberate transactions designed to masks and disguise the unauthorized use of buyer funds. He preyed upon the shopper, the sufferer of this incident, to abuse not solely the corporate, however his belief in himself because the chief of that firm. ”
There shall be a press convention at 2pm as we speak to announce the indictment of bankrupt crypto change FTX founder Samuel Bankman-Fried.Press convention shall be streamed stay at https://t.co/n1wN6uglOD pic.twitter.com/w3WetP45E6
— U.S. Lawyer SDNY (@SDNYnews) December 13, 2022
Williams mentioned an investigation into the collapse of FTX is ongoing, hinting at additional bulletins concerning attainable future arrests. He known as out people who could have been concerned in criminality on FTX and Alameda, “Come see us earlier than we see you.”
“You would be scamming in shorts and a t-shirt within the solar,” Williams mentioned in response to a reporter’s query about SBF becoming the scammer profile. “It isn’t over but. Extradition is underway within the Bahamas.”
“This is among the largest monetary frauds in American historical past.”
Associated: SBF attorneys request bail in Bahamas Justice of the Peace courtroom pending extradition
Complaints from each the US Securities and Trade Fee and the Commodity Futures Buying and selling Fee on December 13 adopted the indictment towards Bankman-Fried. The previous FTX CEO was anticipated to testify earlier than the Home Finance Committee listening to on Dec. 13, earlier than the arrest was introduced. U.S. lawmakers on the Senate Banking Committee are additionally scheduled to analyze the FTX collapse at a listening to on Dec. 14.