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Axios
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Sam Bankman-Fried accused of fraud by SEC ahead of criminal charges

SEC Sam Bankman-Fried United States FTX Bahamas Crypto SBF

The U.S. Securities and Exchange Commission on Tuesday filed a civil complaint accusing Sam Bankman-Fried of "orchestrating a scheme to defraud equity investors in FTX" and seeking to ban him from the cryptocurrency industry.

What to watch: This comes ahead of criminal charges that will be announced later this morning by prosecutors for the Southern District of New York.

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