‘You can commit fraud in shorts and T-shirts in the sun,’ says SDNY attorney on SBF indictment By Cointelegraph

Damian Williams, United States Attorney for the Southern District of New York, said the investigation leading to charges against former FTX CEO Sam Bankman-Fried had been “very, very fast” but prosecutors were “not done” with arrests.

In a press conference livestream on Dec. 13, Williams said the timing of the arrest of Bankman-Fried had been based on progress from law enforcement officials, who authorized charges on Dec. 7 and indicted the former FTX CEO on Dec. 9, leading to a warrant being executed in the Bahamas on Dec. 12. An eight-count indictment released on Dec. 13 revealed U.S. authorities alleged SBF had defrauded customers and investors at FTX, defrauded lenders at Alameda, and violated campaign finance laws with contributions to both Democratic and Republican lawmakers.