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U.S. SEC expenses FTX ex-CEO with fraud -statement By Reuters

Cryptocurrency 20 minutes in the past (Dec 13, 2022 08:07PM ET)

U.S. SEC charges FTX ex-CEO with fraud -statement © Reuters. FILE PHOTO: The seal of the U.S. Securities and Trade Fee (SEC) is seen at their headquarters in Washington, D.C., U.S., Might 12, 2021. REUTERS/Andrew Kelly/File Picture

WASHINGTON (Reuters) – The U.S. Securities and Exchanges Fee on Tuesday introduced expenses in opposition to the founding father of cryptocurrency change FTX, Sam Bankman-Fried, accusing him of defrauding traders in what regulators referred to as “a home of playing cards.”

In a press release, the SEC mentioned it could search an injunction to stop Bankman-Fried from future securities buying and selling apart from his private account and a civil penalty, amongst different actions.

Separate expenses could be introduced by the U.S. Lawyer’s Workplace for the Southern District for New York and the Commodity Futures Buying and selling Fee afterward Tuesday, the SEC mentioned.

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