SEC to file separate prices in opposition to FTX’s SBF


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The worst isn’t but over for the disgraced founding father of crypto alternate FTX, Sam Bankman-Fried.

On Dec. 12, the US Securities and Alternate Fee (SEC) stated it’s getting ready to file prices in opposition to Sam Bankman-Fried, which might be separate from those resulting in his most up-to-date arrest in The Bahamas.

In an announcement on Twitter, the SEC tweeted a quote from its division of enforcement director Gurbir Grewal on Dec. 12 stating that the company has “licensed separate prices regarding his violations of securities legal guidelines.”

Grewal stated the fees might be filed publicly “tomorrow” on Dec. 14 on the Southern District of New York (SDNY).

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The SEC’s announcement comes solely hours after information broke of Sam Bankman-Fried’s arrest in The Bahamas on Dec. 12.

In an announcement from Senator Ryan Pinder, the Legal professional Common of the Bahamas, Pinder stated the arrest adopted receipt of formal notification from the US that it has filed prison prices in opposition to SBF and is prone to request his extradition.

Particular particulars on the fees haven’t but been confirmed, although it’s understood to be in relation to wire and securities fraud, conspiracy to commit wire and securities fraud and cash laundering.

In his newest assertion, Grewal counseled its SEC’s “legislation enforcement companions” for securing the arrest of Bankman-Fried on federal prison prices.