The U.S. Securities and Exchange Commission (SEC) in a release mentioned that it has pressed multiple charges against Sam Bankman-Fried (SBF), former CEO of collapsed crypto exchange, FTX.
SBF ran defraud scheme?
As per the release, the commission has accused SBF of organizing a scheme to defraud equity investors via FTX trading Ltd. He also violated other securities law violations and into other entities. While SBF has also been accused of defrauding equity investors, using billions of dollars of customer funds for undisclosed venture capital.
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