Mini Madoff Jailed In Bahamas
Sam Bankman-Fried, the CEO of newly bankrupted cryptocurrency firm FTX, has been arrested in the Bahamas. The Securities and Exchange Commission (SEC) announced it has authorized charges against the disgraced tycoon. Bankman-Fried is being held in custody while extradition proceedings begin.
Federal prosecutors in Manhattan plan to unseal the case against him Tuesday morning, “and will have more to say at that time,” Damian Williams, US attorney for the Southern District of New York, said in a separate statement. More from Jesse Waters on Fox News.