Sam Bankman-Fried, the disgraced founder and former CEO of FTX, is facing numerous federal felonies for alleged financial crimes related to the collapse of the company.
The disheveled 30-year-old was arrested Monday night by authorities in the Bahamas after they received word from U.S. officials that charges had been filed against Bankman-Fried and that the U.S. would soon seek extradition.
The New York Times reported that Bankman-Fried is facing charges of wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy, and money laundering.
The charges are contained in a sealed indictment from the prosecutors for the Southern District of New York. Read more…
