US charge FTX founder Sam Bankman-Fried wit defrauding investors afta dem arrest am for Bahamas

Di US Securities and Exchange Commission (SEC) don charge Sam Bankman-Fried wit "arrange of one scheme to defraud investors" for di failed cryptocurrency exchange FTX.

Di former FTX boss bin chop arrest on Monday.

Oga Bankman-Fried build "house of cards on top foundation of deception" SEC Chair Gary Gensler tok.

E say di alleged fraud be call for oda platforms say mak dem comply wit US laws.

Di SEC bin charge Bankman-Fried wit violating di anti-fraud provisions of di Securities Act of 1933 and di Securities Exchange Act of 193

How dem arrest Bankman-Fried for Bahamas

Sam Bankman-Fried bin chop arrest for Di Bahamas on Monday according to di kontri attorney general.

Police say Oga Bankman-Fried, 30, bin dey arrested for "financial offences" against laws for di US and Di Bahamas.

Last month FTX bin file for bankruptcy for di US, leaving many users unable to withdraw dia funds.

According to one court filing last month, FTX owe dia 50 largest creditors almost $3.1bn (£2.5bn).

E never dey clear how much pipo wey get funds for di exchange go get back for di end of bankruptcy proceedings - though many experts don warn say e fit be one small fraction of wetin dem suppose deposit.

Di FTX exchange dey allow customers to trade normal money for cryptocurrencies like Bitcoin.

Oga Bankman-Fried once dey viewed as one young version of legendary US investor Warren Buffett, and as recently as late October get net worth estimated for more dan $15bn.

E don become well known for Washington DC as one political donor, mostly to Democratic politicians or groups, wey dey support pandemic prevention and improved crypto regulation.

A Statement from the Royal Bahamas Police Force on the arrest of Samual Benjamin Bankman-Fried.

Police wish to inform that 30-year-old SAMUEL BENJAMIN BANKMAN-FRIED of California, U.S.A, has been arrested. pic.twitter.com/Mr85S2fzcN

— Latrae L. Rahming (DOC)

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