November 14, 2024

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‘You can commit fraud in shorts and T-shirts in the sun,’ says SDNY attorney on SBF indictment

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'You can commit fraud in shorts and T-shirts in the sun,' says SDNY attorney on SBF indictment

Damian Williams, United States Attorney for the Southern District of New York, said the investigation leading to charges against former FTX CEO Sam Bankman-Fried had been “very, very fast” but prosecutors were “not done” with arrests.

In a press conference livestream on Dec. 13, Williams

Complaints from both the U.S. Securities and Exchange Commission and Commodity Futures Trading Commissions on Dec. 13 followed the indictment against Bankman-Fried. The former FTX CEO had been expected to testify before a hearing of the House Financial Committee on Dec. 13 prior to his announced arrest. U.S. lawmakers with the Senate Banking Committee will also explore the collapse of FTX in a Dec. 14 hearing.