Sam Bankman-Fried charged with criminal fraud and money laundering

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Sam Bankman-Fried charged with criminal fraud and money laundering
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BREAKING: Federal prosecutors have charged FTX founder and former CEO Sam Bankman-Fried with multiple charges of fraud, conspiracy and money laundering.

This follows a civil complaint from the SEC, filedHis attorney tells Axios, via an emailed statement: "Mr. Bankman-Fried is reviewing the charges with his legal team and considering all of his legal options."Bankman-Fried had been scheduled to testify virtually at a House Financial Services Committee today, but now the only witness will be current FTX CEO and restructuring expert John Ray.

Gensler has told Congress that he has adequate tools to regulate cryptocurrencies, which is arguably belied by the SEC's own lawsuit.

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