Former FTX CEO hit with 8-count indictment

By Ken Sweet and Fatima Hussein Associated Press

Posted December 13, 2022 11:56 AM

Updated December 13, 2022 3:16 PM

NEW YORK — The U.S. government charged Samuel Bankman-Fried, the founder and former CEO of cryptocurrency exchange FTX, with a host of financial crimes on Tuesday, alleging he intentionally deceived customers and investors to enrich himself and others, while playing a central role in the company’s multibillion-dollar collapse.Federal prosecutors say that beginning in 2019 Bankman-Fried devised “a scheme and artifice to defraud” FTX’s customers and investors. He illegally diverted their money …

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