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FTX ‘One of the Biggest Financial Frauds in American History’: Prosecutor Damian Williams

A day after former FTX Chief Executive Sam Bankman-Fried was arrested in the Bahamas, United States Attorney for the Southern District of New York Damian Williams provided insight into the charges levied against him.

Earlier today, Bankman-Fried’s indictment was unveiled by the attorney’s office, revealing the disgraced crypto entrepreneur has been charged with eight crimes, including wire fraud and conspiracy to commit money laundering.

“It’s fair to say that [...] this is one of the biggest financial frauds in American history,” Williams said.

Williams added that it was only possible to bring a case against Bankman-Fried this quickly through the coordination of multiple government agencies.

FTX Sam Bankman-Fried
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