The indictment in opposition to Sam Bankman-Fried (SBF) was unsealed Dec. 13. The indictment, signed by U.S. Legal professional for the Southern District of New York Damian Williams, is 14 pages lengthy and containe eight counts.
The costs listed in opposition to SBF within the indictment are: Conspiracy to commit wire fraud on prospects, wire fraud on prospects, conspiracy to commit wire fraud on lenders, wire fraud on lenders, conspiracy to commit commodities fraud, conspiracy to commit securities fraud, conspiracy to commit cash laundering anconspiracy to defraud the US and violate the marketing campaign finance legal guidelines.
USA Damian Williams: Earlier this night, Bahamian authorities arrested Samuel Bankman-Fried on the request of the U.S. Authorities, primarily based on a sealed indictment filed by the SDNY. We count on to maneuver to unseal the indictment within the morning and could have extra to say at the moment.
— US Legal professional SDNY (@SDNYnews) December 12, 2022
On account of the primary 4 and the seventh counts, SBF is required to forfeit “any and all property, actual and private, that constitutes or is derived from proceeds traceable to the fee of mentioned offenses.” If that’s not attainable the US will “search forfeiture of some other property of the defendant as much as the worth of the above forfeitable property.”
Solely SBF is known as within the indictment, though it additionally refers to “people identified and unknown.”
SDNY indictment in opposition to SBF has been unsealed. He is being charged with wire fraud and a number of other conspiracies to commit: wire, commodities and securities fraud together with cash laundering. Additionally marketing campaign finance violations. They’re throwing the e-book at him.https://t.co/biQ7vOJMBp
— Dave Lauer (@dlauer) December 13, 2022
The indictment thus combines fees referring to the operation of FTX and Alameda Analysis with SBF’s political actions. The costs underneath the eighth depend embody violating legal guidelines on contributions, obstructing the Federal Election Fee’s capabilities, making contributions within the title of others and contributions made by group prohibited to take action underneath federal legislation.
Associated: Hours earlier than his arrest, SBF denied being a part of ‘Wirefraud’ chat group
SBF was arrested within the Bahamas on Dec. 12 on the request of the U.S. authorities. The arrest was a shock to the Home Monetary Providers Committee, which anticipated SBF to testify remotely at a listening to on the morning of Dec. 13. A replica of his supposed testimony has been leaked on-line. The costs within the indictment are severe, however SBF is anticipated to face fees from many different sources as effectively. The U.S. Securities and Trade Fee and Commodity Futures Buying and selling Fee (CFTC) have additionally filed fees in opposition to SBF, and he could face fees in U.S. states and in different jurisdictions.