The indictment filed by the US Attorney for the Southern District of New York (SDNY) Damian Williams for the arrest of FTX founder Sam Bankman-Fried includes eight criminal charges.
The charges include conspiracy to commit money laundering, conspiracy to commit wire fraud on customers and lenders, conspiracy to commit commodities and security fraud, and separate wire fraud on customers and lenders.
The Indictment also includes conspiracy to defraud the United States and violating campaign finance laws.
Moreover, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have both filed separate charges against the ex-CEO.
The SEC has charged SBF with offering securities for sale and selling securities for fraud. Specifically, the charges fall under the Securities Exchange Act of 1934 and the Securities Act of 1933 pertaining to anti-fraud provisions.
Further, the CFTC charged SBF with fraudulent misstatements and omissions.
Worth noting that the Bahamas authorities arrested FTX founder Sam Bankman-Fried on Tuesday for his alleged involvement in the FTX scandal. In a statement, Bahamas Prime Minister Philip Davis said that both the Bahamas and the United States share a “common interest” in bringing all individuals involved with FTX accountable.