SEC to file separate charges against FTX’s SBF

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

On Dec. 12, the United States Securities and Exchange Commission (SEC) mentioned it’s making ready to file charges against Sam Bankman-Fried, which will probably be separate from those main to 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 charges relating to his violations of securities legal guidelines.”

Grewal mentioned the charges will probably 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 Attorney General of the Bahamas, Pinder mentioned the arrest adopted receipt of formal notification from the United States that it has filed felony charges against SBF and is probably going to request his extradition.

Specific particulars on the charges 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 recommended its SEC’s “regulation enforcement companions” for securing the arrest of Bankman-Fried on federal felony charges.