BREAKING: Criminal Charges Against Sam Bankman-Fried Unsealed, as FTX Founder Appears in Court | CoinMarketCap

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BREAKING: Criminal Charges Against Sam Bankman-Fried Unsealed, as FTX Founder Appears in Court | CoinMarketCap
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🚨 BREAKING: Sam Bankman-Fried charged with wire fraud and money laundering — as well as conspiracy to defraud the U.S. and violate campaign finance laws

Hot on the heels of the U.S. Securities and Exchange Commission, a criminal indictment against Sam Bankman-Fried has been unsealed.

Count two concerns wire fraud on customers, with SBF accused of "knowingly" devising a scheme for obtaining money using "false and fraudulent pretenses" — including through commercials that were broadcast on television and radio. "Bankman-Fried agreed with others to defraud lenders to Alameda Research, Bankman-Fried's proprietary hedge fund, by providing false and misleading information to those lenders regarding Alameda Research's financial condition."

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