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SEC Alleges Bankman-Fried Orchestrated Scheme to Defraud Equity Investors

By
Martin Peers
· · Source: The Information

The Securities and Exchange Commission charged Sam Bankman-Fried with “orchestrating a scheme to defraud equity investors” in FTX, it said. The SEC announcement came the same day that federal prosecutors in New York said they would unseal the indictment against the FTX founder which led to his arrest in the Bahamas on Monday night. Bankman-Fried “built a house of cards on a foundation of...

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