Ad
CryptoSlate on X
Join our X community for real-time crypto news and expert insights.
Follow @cryptoslate
 Ad
News
Trump eyeing former CFTC chair Chris Giancarlo for White House ‘crypto czar’ role SEC Chair Gary Gensler to step down on Jan. 20 CFPB spares self-hosted crypto wallets from new fintech regulations Polygon’s Sandeep Nailwal warns memecoin rug pulls like QUANT may invite regulatory crackdown Cryptocurrency clarified to be personal property in China, remains barred for businesses
SBF accused of 8 criminal charges in SDNY indictment SBF accused of 8 criminal charges in SDNY indictment Soumen Datta · 2 years ago · 1 min read
News ▸ ▸ Bankruptcy

SBF accused of 8 criminal charges in SDNY indictment

The charges include conspiracy to commit money laundering, conspiracy to commit wire fraud on customers and lenders and more.

Soumen Datta
Dec. 13, 2022 at 5:48 pm UTC
1 min read
Updated: Aug. 21, 2023 at 3:39 pm UTC
SBF accused of 8 criminal charges in SDNY indictment

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

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.

Mentioned in this article
FTX Sam Bankman-Fried
Posted In: , Bankruptcy, Crime, Exchanges
Author

Soumen Datta

Journalist at CryptoSlate

Soumen is a dedicated researcher and writer in the field of cryptocurrencies, DeFi, NFTs, and GameFi projects.

Editor

News Desk

Editor at CryptoSlate

CryptoSlate is a comprehensive and contextualized source for crypto news, insights, and data. Focusing on Bitcoin, macro, DeFi and AI.

Latest Press Releases
View All

Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

Featured Story

Advertise Here

In this article

FTX

Exchange Company in Caribbean

FTX is a defunct cryptocurrency exchange, currently in bankruptcy proceedings, that was founded by Sam Bankman-Fried and Zixiao “Gary” Wang in May 2019.

More about FTX

Sam Bankman-Fried

Former CEO & Founder at FTX

Sam Bankman-Fried is the former CEO, and co-founder of defunct crypto exchange FTX and Alameda Research.

More about Sam Bankman-Fried
Ad
CryptoSlate on X x.com/cryptoslate
Follow us on X for your essential dose of daily crypto news and deep dives.
Follow @cryptoslate
 Ad