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Evening Standard
Evening Standard
Business
Simon Hunt

FTX founder Sam Bankman Fried charged by SEC with defrauding investors

FTX SEC Sam Bankman-Fried United States Crypto

The US securities regulator has charged FTX founder Sam Bankman-Fried with orchestrating a scheme to defraud equity investors in the collapsed crypto exchange.

The Securities and Exchange Commission has accused Bankman-Fried of having orchestrated a years-long fraud to conceal from FTX’s investors the undisclosed diversion of FTX customers’ funds to Alameda Research LLC, his privately-held crypto hedge fund.

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