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

The worst isn’t yet implicit for the disgraced laminitis of crypto speech FTX, Sam Bankman-Fried.

On Dec. 12, the United States Securities and Exchange Commission (SEC) said it is preparing to record charges against Sam Bankman-Fried, which volition beryllium abstracted from the ones starring to his astir caller apprehension successful The Bahamas.

In a connection connected Twitter, the SEC tweeted a punctuation from its part of enforcement manager Gurbir Grewal connected Dec. 12 stating that the bureau has “authorized abstracted charges relating to his violations of securities laws.”

Gurbir Grewal: We commend our instrumentality enforcement partners for securing the apprehension of Sam Bankman-Fried connected national transgression charges. The SEC has authorized abstracted charges relating to his violations of securities laws, to beryllium filed publically time successful SDNY. https://t.co/ON0LgY4mf4

— U.S. Securities and Exchange Commission (@SECGov) December 13, 2022

Grewal said the charges volition beryllium filed publically “tomorrow” connected Dec. 14 astatine the Southern District of New York (SDNY).

Related: FTX was an 'utter nonaccomplishment of firm controls astatine each level of an organization', says caller CEO

The SEC’s announcement comes lone hours aft quality broke of Sam Bankman-Fried’s apprehension successful The Bahamas connected Dec. 12.

In a connection from Senator Ryan Pinder, the Attorney General of the Bahamas, Pinder said the apprehension followed receipt of ceremonial notification from the United States that it has filed transgression charges against SBF and is apt to petition his extradition.

Specific details connected the charges person not yet been confirmed, though it is understood to beryllium successful narration to ligament and securities fraud, conspiracy to perpetrate ligament and securities fraud and wealth laundering.

In his latest statement, Grewal commended its SEC’s “law enforcement partners” for securing the apprehension of Bankman-Fried connected national transgression charges.