<story><title>SEC Charges Samuel Bankman-Fried with Defrauding Investors in FTX [pdf]</title><url>https://www.sec.gov/litigation/complaints/2022/comp-pr2022-219.pdf</url></story><parent_chain></parent_chain><comment><author>perihelions</author><text>Note that the SEC&amp;#x27;s is merely a civil action. The federal &lt;i&gt;criminal&lt;/i&gt; indictment hasn&amp;#x27;t been unsealed yet (but should be soon, today [0]).&lt;p&gt;[0] &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;apnews.com&amp;#x2F;article&amp;#x2F;technology-business-bahamas-united-states-government-1de16cdf7e6956b401e998c34ad1fd11&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;apnews.com&amp;#x2F;article&amp;#x2F;technology-business-bahamas-unite...&lt;/a&gt; (&lt;i&gt;&amp;quot;We expect to move to unseal the indictment in the morning and will have more to say at that time&amp;quot;&lt;/i&gt;)</text></comment>
<story><title>SEC Charges Samuel Bankman-Fried with Defrauding Investors in FTX [pdf]</title><url>https://www.sec.gov/litigation/complaints/2022/comp-pr2022-219.pdf</url></story><parent_chain></parent_chain><comment><author>matwood</author><text>I&amp;#x27;ll just quote part of what I said a month ago :)&lt;p&gt;&amp;gt; And given what&amp;#x27;s leaked from their balance sheet, I don&amp;#x27;t see how people avoid jail time.&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;news.ycombinator.com&amp;#x2F;item?id=33608691&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;news.ycombinator.com&amp;#x2F;item?id=33608691&lt;/a&gt;&lt;p&gt;I&amp;#x27;ll also add that SBF going on tour was the stupidest thing he could have done. Every time he spoke, he was giving the government more evidence. Hubris has often been the downfall of the rich and powerful throughout history. What&amp;#x27;s changed is now we get to see it in real time with people like Musk and SBF.</text></comment>