4:30
- ABC News
- December 13, 2022
Sam Bankman-Fried faces SEC fraud charges
The SEC filed charges publicly on Tuesday.
4:30
Since the collapse of FTX, federal prosecutors in the Southern District of New York have been looking at Bankman-Fried, sources have told ABC News.
The Southern District declined to comment on the arrest.
The SEC said on Monday it had \"authorized separate charges relating to his violations of securities laws, to be filed publicly tomorrow in SDNY.\"
Gurbir Grewal: We commend our law enforcement partners for securing the arrest of Sam Bankman-Fried on federal criminal charges. The SEC has authorized separate charges relating to his violations of securities laws, to be filed publicly tomorrow in SDNY. https://t.co/ON0LgY4mf4
— U.S. Securities and Exchange Commission (@SECGov) December 13, 2022
In response to the arrest announcement, Bahamas Prime Minister Philip Davis said, “The Bahamas and the United States have a shared interest in holding accountable all individuals associated with FTX who may have betrayed the public trust and broken the law.\"
\"While the United States is pursuing criminal charges against SBF individually, the Bahamas will continue its own regulatory and criminal investigations into the collapse of FTX, with the continued cooperation of its law enforcement and regulatory partners in the United States and elsewhere,\" he added.
FTX, once a crypto darling, filed for bankruptcy protection in November after a rival cryptocurrency exchange announced it was backing out of a plan to acquire it.
Bankman-Fried had been scheduled to appear before Congress Tuesday to testify before the House Financial Services Committee in a hearing titled \"Investigating the Collapse of FTX, Part 1.\" Rep. Maxine Waters, chairwoman of the committee, said in a statement Monday night that she was \"surprised\" to hear of the arrest.
\"While I am disappointed that we will not be able to hear from Mr. Bankman-Fried tomorrow, we remain committed to getting to the bottom of what happened, and the committee looks forward to beginning our investigation by hearing from Mr. John Ray III tomorrow,\" she added.
John Ray, FTX's new CEO guiding the company through bankruptcy proceedings, is still expected to testify.
Bankman-Fried, in a series of tweets, had said he's \"willing to testify\" after initially resisting the committee's request.
\"I still do not have access to much of my data -- professional or personal. So there is a limit to what I will be able to say, and I won't be as helpful as I'd like,\" Bankman-Fried wrote. \"But as the committee still thinks it would be useful, I am willing to testify on the 13th.\"
Bankman-Fried, in an interview with ABC News' George Stephanopoulos, denied that he knew \"that there was any improper use of customer funds.\"
ABC News' Jasper Williams, Alexandra Hutzler, Kirit Radia, Mark Guarino and Rebecca Jarvis contributed to this report.
","canonicalUrl":"https://abcnews.com/US/sam-bankman-fried-arrested-bahamas-prosecutor/story?id=95105184","legacySlug":"/news/story/sam-bankman-fried-arrested-bahamas-prosecutor-95105184","noIndexNoFollow":false},"publishTime":"11:27","publishDate":"12-13-2022","updatedTime":"20:02","updatedDate":"12-22-2022","socialImage":{"alt":"Samuel Bankman-Fried, founder and CEO of FTX, testifies during a Senate Committee on Agriculture, Nutrition and Forestry hearing about \"Examining Digital Assets: Risks, Regulation, and Innovation,\" on Capitol Hill in Washington, DC.","credit":"Saul Loeb/AFP via Getty Images, FILE","ratio":"16x9","url":"https://s.abcnews.com/images/Business/sam-bankman-fried-file-gty-jef-221118_1668808116954_hpMain_16x9_1600.jpg","width":992,"height":558},"datePublished":"12/13/2022 11:27:00 GMT","video":{"live":false,"id":95105184,"headline":"Sam Bankman-Fried faces SEC fraud charges","mediaAssetTitle":"SBF ARRESTED","description":"The SEC filed charges publicly on Tuesday.","duration":"4:30","posterImg":{"url":"https://s.abcnews.com/images/GMA/default-img-undefined.png","width":608,"height":342},"video":{"feed":"https://service-pkgabcnews.akamaized.net/opp/hls/abcnews/2022/12/221213_gma_jarvis_digitalfix_705_,500,800,1200,1800,2500,3200,4500,.mp4.csmil/playlist.m3u8"},"playlist":["132055565","131830882","130993584"]},"relatedItems":[{"contentType":"video","date":"April 15, 2026","headline":"American influencer found dead in Tanzania","section":"News","slug":"/video/132055565","id":"132055565","image":{"alt":"VIDEO: American influencer found dead in Tanzania","credit":"ABCNews.com","ratio":"1x1","url":"https://s.abcnews.com/images/GMA/260415_gma_norwood_ashlee2_732_hpMain_1x1_608.jpg","width":384,"height":384},"images":{"alt":"VIDEO: American influencer found dead in Tanzania","credit":"ABCNews.com","crops":[{"16x9":{"small":"https://s.abcnews.com/images/GMA/260415_gma_norwood_ashlee2_732_hpMain_16x9_608.jpg","medium":"https://s.abcnews.com/images/GMA/260415_gma_norwood_ashlee2_732_hpMain_16x9_992.jpg","large":"https://s.abcnews.com/images/GMA/260415_gma_norwood_ashlee2_732_hpMain_16x9_1600.jpg"}},{"9x16":{"small":"https://s.abcnews.com/images/GMA/260415_gma_norwood_ashlee2_732_hpMain_9x16_608.jpg","medium":"https://s.abcnews.com/images/GMA/260415_gma_norwood_ashlee2_732_hpMain_9x16_992.jpg","large":"https://s.abcnews.com/images/GMA/260415_gma_norwood_ashlee2_732_hpMain_16x9_1600.jpg"}},{"1x1":{"small":"https://s.abcnews.com/images/GMA/260415_gma_norwood_ashlee2_732_hpMain_1x1_608.jpg","medium":"https://s.abcnews.com/images/GMA/260415_gma_norwood_ashlee2_732_hpMain_1x1_992.jpg","large":"https://s.abcnews.com/images/GMA/260415_gma_norwood_ashlee2_732_hpMain_1x1_1600.jpg"}}]}},{"contentType":"video","date":"April 8, 2026","headline":"Ceasefire analysis, unanswered questions ahead","section":"News","slug":"/video/131830882","id":"131830882","image":{"alt":"VIDEO: Ceasefire analysis, unanswered questions ahead","credit":"ABCNews.com","ratio":"1x1","url":"https://s.abcnews.com/images/GMA/260408_gma_krl1_hpMain_1x1_608.jpg","width":384,"height":384},"images":{"alt":"VIDEO: Ceasefire analysis, unanswered questions ahead","credit":"ABCNews.com","crops":[{"16x9":{"small":"https://s.abcnews.com/images/GMA/260408_gma_krl1_hpMain_16x9_608.jpg","medium":"https://s.abcnews.com/images/GMA/260408_gma_krl1_hpMain_16x9_992.jpg","large":"https://s.abcnews.com/images/GMA/260408_gma_krl1_hpMain_16x9_1600.jpg"}},{"9x16":{"small":"https://s.abcnews.com/images/GMA/260408_gma_krl1_hpMain_9x16_608.jpg","medium":"https://s.abcnews.com/images/GMA/260408_gma_krl1_hpMain_9x16_992.jpg","large":"https://s.abcnews.com/images/GMA/260408_gma_krl1_hpMain_16x9_1600.jpg"}},{"1x1":{"small":"https://s.abcnews.com/images/GMA/260408_gma_krl1_hpMain_1x1_608.jpg","medium":"https://s.abcnews.com/images/GMA/260408_gma_krl1_hpMain_1x1_992.jpg","large":"https://s.abcnews.com/images/GMA/260408_gma_krl1_hpMain_1x1_1600.jpg"}}]}},{"contentType":"video","date":"March 12, 2026","headline":"Winter whiplash plunges temperatures along the East Coast","section":"News","slug":"/video/130993584","id":"130993584","image":{"alt":"VIDEO: Winter whiplash plunges temperatures along the East Coast","credit":"ABCNews.com","ratio":"1x1","url":"https://s.abcnews.com/images/GMA/260312_gma_zee_storm2_hpMain_1x1_608.jpg","width":384,"height":384},"images":{"alt":"VIDEO: Winter whiplash plunges temperatures along the East Coast","credit":"ABCNews.com","crops":[{"16x9":{"small":"https://s.abcnews.com/images/GMA/260312_gma_zee_storm2_hpMain_16x9_608.jpg","medium":"https://s.abcnews.com/images/GMA/260312_gma_zee_storm2_hpMain_16x9_992.jpg","large":"https://s.abcnews.com/images/GMA/260312_gma_zee_storm2_hpMain_16x9_1600.jpg"}},{"9x16":{"small":"https://s.abcnews.com/images/GMA/260312_gma_zee_storm2_hpMain_9x16_608.jpg","medium":"https://s.abcnews.com/images/GMA/260312_gma_zee_storm2_hpMain_9x16_992.jpg","large":"https://s.abcnews.com/images/GMA/260312_gma_zee_storm2_hpMain_16x9_1600.jpg"}},{"1x1":{"small":"https://s.abcnews.com/images/GMA/260312_gma_zee_storm2_hpMain_1x1_608.jpg","medium":"https://s.abcnews.com/images/GMA/260312_gma_zee_storm2_hpMain_1x1_992.jpg","large":"https://s.abcnews.com/images/GMA/260312_gma_zee_storm2_hpMain_1x1_1600.jpg"}}]}}],"relatedContentSection":"news","schemaContent":{"name":"Sam Bankman-Fried faces SEC fraud charges","description":"The SEC filed charges publicly on Tuesday.","duration":"4:30","uploadDate":"12-13-2022","publication":"12-13-2022","images":"https://s.abcnews.com/images/GMA/default-img-undefined.png","url":"https://service-pkgabcnews.akamaized.net/opp/hls/abcnews/2022/12/221213_gma_jarvis_digitalfix_705_,500,800,1200,1800,2500,3200,4500,.mp4.csmil/playlist.m3u8","contentUrl":"https://service-pkgabcnews.akamaized.net/opp/hls/abcnews/2022/12/221213_gma_jarvis_digitalfix_705_,500,800,1200,1800,2500,3200,4500,.mp4.csmil/playlist.m3u8","link":"https://www.goodmorningamerica.com/news/story/sam-bankman-fried-arrested-bahamas-prosecutor-95105184"}},"playlist":[{"id":"132054443","contentType":"story","section":"news"},{"id":"132054798","contentType":"story","section":"news"},{"id":"132033010","contentType":"story","section":"news"},{"id":"131912713","contentType":"story","section":"news"},{"id":"131830583","contentType":"story","section":"news"},{"id":"131834976","contentType":"story","section":"news"},{"id":"131554765","contentType":"story","section":"news"},{"id":"131554815","contentType":"story","section":"news"},{"id":"131543053","contentType":"story","section":"news"},{"id":"131432442","contentType":"story","section":"news"},{"id":"131121474","contentType":"story","section":"news"},{"id":"131247079","contentType":"story","section":"news"},{"id":"131228784","contentType":"story","section":"news"},{"id":"131178806","contentType":"story","section":"news"},{"id":"131142257","contentType":"story","section":"news"},{"id":"131046664","contentType":"story","section":"news"},{"id":"131048076","contentType":"story","section":"news"},{"id":"131033212","contentType":"story","section":"news"},{"id":"130999943","contentType":"story","section":"news"},{"id":"130971027","contentType":"story","section":"news"}],"kvps":{"pgtyp":"article","lang":"en","sp":"goodmorningamerica","programmatic":"true","bundleId":"com.abcnews"}},"analytics":{"accountID":"wdgnewwdgnewgmaweb","ns":"gma","pageName":"gma:news:video","pageType":"video","globalSpecVersion":"v1.08","siteDifferentiator":"gma:site","tagID":"g_page01","userABCookie":"0","section":"news","title":"Sam Bankman-Fried faces SEC fraud charges","pubTime":"06:27","pubDate":"12-13-2022","modTime":"15:02","modDate":"12-22-2022","taxonomyTags":"none","id":95105184,"editorialOtherSubjects":"","wordCount":"none","columns":"none","authors":"","authorsUnit":"none","authorsBureau":"none","subBrand":"Good Morning America","provider":"Good Morning America","videoName":"Sam Bankman-Fried faces SEC fraud charges","mediaAssetTitle":"SBF ARRESTED","videoId":95105184,"mediaOnPage":"video","legacySlug":"/news/story/sam-bankman-fried-arrested-bahamas-prosecutor-95105184"},"taboola":{}},"request":{"headers":{},"httpVersion":"1.1","method":"GET","url":"/video/95105184","vary":{"host":"www.goodmorningamerica.com","cached":true,"path":"/video/95105184","forwarded-proto":"https","device":"desktop","userab":"0"}},"viewport":{"width":1260,"height":0},"user":{}};