U.S. prosecutors announce the indictment of FTX founder Sam Bankman-Fried — 12/13/22

A federal indictment was unsealed Tuesday alleging widespread fraud by FTX co-founder Sam Bankman-Fried, a day after the fallen crypto exchange operator was arrested in the Bahamas in connection with the charges.

The indictment in U.S. District Court in Manhattan charges Bankman-Fried with eight criminal counts: conspiracy to commit wire fraud and securities fraud, individual charges of securities fraud and wire fraud, money laundering, and conspiracy to avoid campaign finance regulations.

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U.S. prosecutors announce the indictment of FTX founder Sam Bankman-Fried — 12/13/22