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Sam Bankman-Fried Filed Again By The SEC

After being arrested, Sam Bankman-Fried was still in trouble.

The SEC issued a post on Twitter quoting its division of enforcement head Gurbir Grewal, indicating that the agency had approved separate charges related to his enforcement of securities laws.

The US Securities and Exchange Commission (SEC) said that it is ready to pursue charges against the Alameda Research co-founder, which will be separate from the accusations that led to his detention in the Bahamas.

The SEC’s declaration came only hours after Bankman-Fried was arrested in the Bahamas.

Grewal stated that the charges would be officially filed on December 14 in the Southern District of New York.

Senator Ryan Pinder, the Bahamas’ attorney general, said in a statement that the arrest came after the Bahamas received formal information from the US that it had filed criminal charges against Bankman-Fried and would likely request his extradition.

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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.