Former FTX CEO Sam Bankman-Fried Arrested in Bahamas – WSJ

FTX founder and former Chief Executive Sam Bankman-Fried was arrested Monday in the Bahamas after the U.S. filed criminal charges, the authorities in the two countries said.

Mr. Bankman-Fried, 30 years old, was arrested without incident shortly after 6 p.m. EST at his apartment in Nassau, the Bahamas, said the Royal Bahamas Police Force in a statement.

The arrest was made based on a sealed indictment filed by the U.S. attorney’s office for the Southern District of New York, the U.S. attorney said. The charges in the indictment include wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy and money laundering, according to a person familiar with the matter.

“We expect to move to unseal the indictment in the morning and will have more to say at that time,” said U.S. Attorney Damian Williams in a statement.

Source: Former FTX CEO Sam Bankman-Fried Arrested in Bahamas – WSJ