What criminal charges does SBF face?

SBF is facing a plethora of charges, with the New York Times reporting that criminal charges include wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy, and money laundering. The Securities and Exchange Commission also announced that it has authorized separate charges for violations of securities law.

Did Sam Bankman-fried run a fraud at FTX?

In news big enough that it was announced close to midnight on Wednesday, liquidators at FTX, who are responsible for figuring out where the company’s money went, said that founder Sam Bankman-Fried had received $2.2 billion in “loans and payments” while he was allegedly running a massive fraud at the crypto exchange.

How did SBF break the law?

The other notable new charge involves how Bankman-Fried allegedly made “unlawful political contributions to acquire bipartisan influence.” While he was publicly known as a super-donor for Democrats since 2020, prosecutors describe how SBF allegedly broke the law by routing customer funds through straw donors.

Was SBF 'fine' before FTX collapse?

The Feds could also point to SBF’s tweets last week, just before the company collapsed, in which he wrote that FTX was “fine” and so were its assets, particularly in light of the fact that he later deleted such claims.