Bankman-Fried was candid in his prepared statements for the hearing when describing his predicament. Nevertheless, Sam Bankman-Fried was arrested in the Bahamas and charged with wire/securities fraud and money laundering.
According to the New York Times, SBF was charged with wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy, and money laundering in an indictment that will be unsealed on Tuesday. Of course, SBF should be prosecuted with excessive talking and...
