2022-12-24
On December 21 Sam Bankman-Fried was escorted out of the Bahamas to Westchester
county in New York. He was charged by the US Attorney for securities fraud and
money laundering. Especially he was charged for misusing customer funds by
using those funds to invest in the name of Alameda Research, another of his
company.
Other two executives Caroline Ellison and Gary Wang also pleaded
guilty on many criminal charges.
On December 23, US District Court in Manhattan released Bankman-Fried
on $250 million bail, the bail was secured using his family home. He is
required to stay in his parents’ home and also required to wear electronic
monitoring bracelet.
