Sam Bankman-Fried, the founder and former chief executive of the cryptocurrency exchange FTX, has been charged with fraud, conspiracy to commit money laundering and conspiracy to defraud the US and violate campaign finance laws.
The eight criminal charges filed by the US attorney’s office for the southern district of New York on Tuesday follow civil charges brought by the US Securities and Exchange Commission (SEC) accusing the 30-year-old former billionaire of defrauding investors by building a company that was a “house of cards”.
“This is one of the biggest financial frauds in American history,” said Damian Williams, United States attorney for the southern district of New York. He said that while only Bankman-Fried had been charged so far: “We are not done.”
On Monday, police in the Bahamas arrested Bankman-Fried after receiving formal notification from the US of criminal charges against him.



When Mayor Zohran Mamdani took the stage at the Museum of the City of New York...
Two Oklahoma firefighters were killed the morning of March 20 when a fire tanker crashed on...
Three Tennessee teenagers have filed a class action lawsuit against Elon Musk's artificial intelligence company, xAI,...





























