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