It is stacking up: SEC to file separate prices towards FTX’s SBF


The worst isn’t but over for the disgraced founding father of crypto trade FTX, Sam Bankman-Fried.

On Dec. 12, the US Securities and Trade Fee (SEC) stated it’s getting ready to file prices towards Sam Bankman-Fried, which might be separate from those resulting in his most up-to-date arrest in The Bahamas.

In a press release on Twitter, the SEC tweeted a quote from its division of enforcement director Gurbir Grewal on Dec. 12 stating that the company has “licensed separate prices referring to his violations of securities legal guidelines.”

Gurbir Grewal: We commend our legislation enforcement companions for securing the arrest of Sam Bankman-Fried on federal legal prices. The SEC has licensed separate prices referring to his violations of securities legal guidelines, to be filed publicly tomorrow in SDNY.

— U.S. Securities and Trade Fee (@SECGov) December 13, 2022

Grewal stated the costs might be filed publicly “tomorrow” on Dec. 14 on the Southern District of New York (SDNY).

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The SEC’s announcement comes solely hours after information broke of Sam Bankman-Fried’s arrest in The Bahamas on Dec. 12.

In a press release from Senator Ryan Pinder, the Lawyer Normal of the Bahamas, Pinder stated the arrest adopted receipt of formal notification from the US that it has filed legal prices towards SBF and is more likely to request his extradition.

Particular particulars on the costs haven’t but been confirmed, although it’s understood to be in relation to wire and securities fraud, conspiracy to commit wire and securities fraud and cash laundering.

In his newest assertion, Grewal recommended its SEC’s “legislation enforcement companions” for securing the arrest of Bankman-Fried on federal legal prices.

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