SEC says Bankman-Fried defrauded investors of $1.8 billion
Sam Bankman-Fried
Bankman-Fried, who was arrested Monday in the Bahamas, also concealed risks and FTX's relationship with his trading firm, Alameda Research, the agency says.
FTX co-founder Sam Bankman-Fried was accused by U.S. regulators of carrying out a multiyear scheme to defraud investors.
The Securities and Exchange Commission said Tuesday that Bankman-Fried, who was arrested on Monday in the Bahamas and is facing criminal charges in the U.S., raised m
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