The US Securities and Exchange Commission (SEC) has charged Sam Bankman-Fried with “orchestrating a scheme to defraud investors” in the failed cryptocurrency exchange FTX.
The former FTX boss was arrested on Monday.
Mr Bankman-Fried built a “house of cards on a foundation of deception” SEC Chair Gary Gensler said.
He said the alleged fraud was a call for other platforms to comply with US laws.
The SEC charged Bankman-Fried with violating the anti-fraud provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934.
Ohio man who hid camera in bathroom to record children sentenced to 20 years in prison
A federal judge sentenced a man to 20 years in prison for creating child pornography, including using a hidden camera in a bathroom to secretly record children. Timothy Wright, 50, of Dublin, Ohio, also will spend 10 years on supervised released once he completes his...
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