2 years ago
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Published
11 minutes ago
The US Securities and Exchange Commission (SEC) has charged Sam Bankman-Fried with "orchestrating a strategy to defraud investors" successful the failed cryptocurrency speech FTX.
The erstwhile FTX brag was arrested connected Monday.
Mr Bankman-Fried built a "house of cards connected a instauration of deception" SEC Chair Gary Gensler said.
He said the alleged fraud was a telephone for different platforms to comply with US laws.
The SEC charged Bankman-Fried with violating the anti-fraud provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934.
English (US)