The Case Against Sam Bankman-Fried

Sam Bankman-Fried has been arrested, accused of engineering “one of the biggest financial frauds in American history.” 

In a Department of Justice indictment unsealed on Tuesday, Bankman-Fried has been charged with eight counts including conspiracy to commit wire fraud on customers and lenders, money laundering and violations of campaign finance laws. 

Bankman-Fried, who was arrested in the Bahamas on Monday, faces years in prison if convicted. 

The charges point to a long-running scheme to misappropriate the deposits of exchange customers to pay debts and expenses of Bankman-Fried’s private trading firm Alameda Research and to make investments. 

The conspiracy ran from 2019 — the year he founded FTX — until its collapse last month, according to the complaint.

‘This Company Was Uniquely Positioned to Fail:’ FTX Group CEO John Ray

Streamed live 14 hours ago. Watch coverage of a House Financial Services Committee hearing with FTX Group CEO John Ray following the arrest of former CEO Sam Bankman-Fried in the Bahamas.

Sam Bankman-Fried Arrested in Bahamas After US Files Charges

Sam Bankman-Fried was arrested in the Bahamas. His detention followed a notification from the US that it had filed criminal charges against the disgraced co-founder and former head of digital-asset exchange FTX, according to the Bahamas attorney general.

FTX Founder Sam Bankman-Fried on the Crypto Exchange's Collapse

FTX founder Sam Bankman-Fried sat down with The Wall Street Journal to discuss what happened to the billions of dollars deposited by the exchange’s customers. This interview has been edited for length.

FTX Disaster - 7 Unbelievable Bankruptcy Discoveries

The FTX Disaster is Deeper Than you Think

A deep dive into Sam Bankman-fried (SBF) and the FTX / Alameda situation.