SEC Charges Bankman-Fried With Defrauding Crypto Investors

The civil complaint says Sam Bankman-Fried diverted customer funds to Alameda Research LLC, his privately-held crypto fund, without telling them.

Good Morning America/ABC News via AP
The former FTX chief executive, Sam Bankman-Fried. Good Morning America/ABC News via AP

The Securities and Exchange Commission has charged the former chief executive of failed cryptocurrency firm FTX with orchestrating a scheme to defraud investors.

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