What are the charges against Sam Bankman-Fried? Former FTX CEO who went bankrupt also charged by SEC
NASSAU, THE BAHAMAS: In connection with the over $8 billion collapse of his crypto exchange, former FTX CEO Sam Bankman-Fried was slapped with federal charges on Tuesday, December 13, 2022. According to the authorities, he misled customers to make money and used some of the "dirty money" to win support for the unregulated market on Capitol Hill.
Bankman-Fried, 30, pledged to fight deportation from the Bahamas during a trial in Nassau, where his lawyer allegedly highlighted his vegan diet and alleged diagnosis of attention deficit syndrome in an effort to keep him out of jail on a $250,000 bail. Before deciding that Bankman-Fried had a "great" danger of fleeing, Magistrate Judge Joyann Ferguson-Pratt permitted him to leave the courtroom for a limited period of time to take medication, which appeared to contain an Emsam patch used to treat mental illness, according to a New York Post report. When Bankman-Fried, who was dressed in a blue suit and white shirt, stated that he needed to "take my shirt off" to take the medicine, the judge replied, "Well, you certainly can't take your shirt off in court," according to CoinDesk.