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The Wall Street Journal: Sam Bankman-Fried’s Indictment Gives Justice Department FlexibilityDecember 13, 2022
Sam Bankman-Fried has been indicted by the US Department of Justice on numerous charges relating to a scheme to defraud FTX’s customers and lenders. Bankman-Fried was arrested in the Bahamas yesterday and faces charges ranging from wire and securities fraud to conspiracy to launder money. Rebecca Mermelstein, a partner at O’Melveny & Myers LLP and former federal prosecutor, noted that the statutes charged are enormously broad except for the campaign-finance offense. “By not being super specific, you protect yourself later against an argument that charges relating to different criminal conduct are being added,” Mermelstein said.
The Wall Street Journal subscribers can read the full article here.