Multiple U.S. government agencies held a press conference Tuesday afternoon regarding the indictment of FTX’s former CEO, Sam Bankman-Fried.
When asked whether the entities will bring charges against other individuals allegedly involved in the FTX collapse, Damian Williams, the U.S. attorney for the Southern District of New York, said during the event, “I can only say this: Clearly, we are not done.”
The meeting convened hours after the U.S. attorney’s office, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) all filed charges against Bankman-Fried earlier in the day.
This transpired after Bankman-Fried was arrested in the Bahamas on Monday night. The SEC charged Bankman-Fried for an alleged “years-long scheme to defraud investors of FTX,” Gurbir Grewal, director of the SEC’s division of enforcement, said during the conference. Bankman-Fried is being investigated for other securities violations. The U.S. attorney’s office and the CFTC filed charges against him in “parallel actions.”
Williams declined to comment on which FTX-related individuals have cooperated in the investigations to date, but reiterated the importance for those who haven’t to “do so and do so quickly.”
“As alleged in our complaint, starting in 2019 continuing through November 2022, Bankman-Fried raised more than $1.8 billion from equity investors on the basis of lies,” Grewal said. “FTX operated behind a veneer of legitimacy that…
