NEW YORK — Authorities from a broad vary of United States businesses held a information convention on the U.S. Attorney for the Southern District of New York places of work Tuesday and laid out what they mentioned was a damning case in opposition to Sam Bankman-Fried and the cryptocurrency agency FTX he as soon as led.
“By anyone’s lights, this is one of the biggest financial frauds in American history,” U.S. Attorney Damian Williams mentioned.
Earlier Tuesday, Williams introduced an eight-count indictment that charged Bankman-Fried with conspiracy to commit wire fraud, conspiracy to commit commodities and securities fraud, and conspiracy to commit cash laundering, amongst different fees. The Securities and Exchange Commission and the Commodity Futures Trading Commission additionally filed sweeping complaints.