SEC charges Sam Bankman-Fried with defrauding FTX investors
“We allege that Sam Bankman-Fried built a house of cards on a foundation of deception while telling investors that it was one of the safest buildings in crypto,” said SEC Chair Gary Gensler.
![SEC charges Sam Bankman-Fried with defrauding FTX investors](https://content.fortune.com/wp-content/uploads/2022/12/GettyImages-1245433651-e1670933996675.jpg?#)