See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

Sam Bankman-Fried accused of fraud by SEC

Posted on AllSides December 13th, 2022
From The Left
Brendan Lynch/Axios

The U.S. Securities and Exchange Commission on Tuesday filed a civil complaint accusing Sam Bankman-Fried of "orchestrating a scheme to defraud equity investors in FTX" and seeking to ban him from the cryptocurrency industry.

What to watch: This comes ahead of criminal charges that will be announced later this morning by prosecutors for the Southern District of New York.

The SEC — which filed the complaint in a New York federal court — also noted that SBF is expected to face criminal charges.

Why it matters: A growing number of media reports and statements from FTX's...

Read full story

More News about Banking and Finance from the Left, Center and Right

From the Left

From the Center

From the Right