It's stacking up: SEC to file separate charges against FTX's SBF

The US Securities and Exchange Commission has piled in on the SBF smackdown by announcing its own separate charges against the former FTX CEO.

Grewal said the charges will be filed publicly “tomorrow” on Dec. 14 at the Southern District of New York .FTX was an 'utter failure of corporate controls at every level of an organization', says new CEO

The SEC’s announcement comes only hours after news broke of Sam Bankman-Fried’s arrest in The Bahamas on Dec. 12. In a statement from Senator Ryan Pinder, the Attorney General of the Bahamas, Pinder said the arrest followed receipt of formal notification from the United States that it has filed criminal charges against SBF and is likely to request his extradition.to be in relation to wire and securities fraud, conspiracy to commit wire and securities fraud and money laundering.

In his latest statement, Grewal commended its SEC’s “law enforcement partners” for securing the arrest of Bankman-Fried on federal criminal charges.

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