US federal prosecutors in New York have charged former FTX CEO Sam Bankman-Fried with eight criminal charges, including fraud for allegedly using FTX funds to support his crypto hedge fund Alameda Research.
In charges unsealed Tuesday morning, a grand jury indictment laid out the eight accusations against Bankman-Fried, alleging he directed FTX customer funds to “pay expenses and debts of Alameda Research.”
Here is a list of the charges in the indictment:
- Conspiracy to commit wire fraud on customers
- Wire fraud on customers
- Conspiracy to commit wire fraud on lenders
- Wire fraud on lenders
- Conspiracy to commit commodities fraud
- Conspiracy to commit securities fraud
- Conspiracy to commit money laundering
- Conspiracy to defraud the United States and violate the campaign finance laws
Prosecutors accused Bankman-Fried of intentionally securing funds “by means of false and fraudulent pretenses, representations and promises,” and alleged his victims were lenders and FTX customers.
