Sam Bankman-Fried, Former FTX CEO, , Arrested in Bahamas. CBS News reviews that the Office of the Attorney General of the Bahamas confirmed Bankman-Fried’s arrest on Dec. 12. His arrest “followed receipt of formal notification from the United States that it has filed criminal charges against SBF and is likely to request his extradition.”. According to the U.S. Attorney’s Office for the Southern District of New York (SDNY), the arrest was carried out primarily based on a sealed indictment. . Following news of Bankman-Fried’s arrest, the Securities and Exchange Commission (SEC) mentioned it had , “authorized separate charges relating to [Bankman-Fried’s] violations of securities laws to be filed publicly tomorrow in SDNY.”. The SEC alleges that the previous CEO used buyer funds for “fraudulent” functions corresponding to actual property transactions and political donations. CBS News reviews that Bankman-Fried has since been taken off the witness checklist for the House listening to on Dec. 13 relating to FTX’s collapse. He will as an alternative seem in courtroom within the Bahamas on that day. Prior to its collapse, FTX was one of many largest cryptocurrency exchanges on the planet. . New CEO John Ray III has been tasked with salvaging the corporate. Never in my profession have I seen such a whole failure of company controls and such a whole absence of reliable monetary info as occurred right here, John Ray III, FTX CEO, by way of assertion
Sam Bankman-Fried, Former FTX CEO, Arrested in Bahamas
