Sam Bankman-Fried Denied Bail

FTX CEO Sam Bankman-Fried is arrested in the Bahamas for defrauding investors. Sam Bankman-Fried was denied bail in the Bahamas on Tuesday and was ordered held until February, hours after American authorities alleged the FTX co-founder engaged in a massive fraud scheme.  Bahamas Chief Magistrate JoyAnn Ferguson-Pratt remanded Bankman-Fried to the Bahamas State Department of Corrections until Feb. 8, 2023, Reuters reported.He was arrested Monday at the request of the U.S. government. On Tuesday, the U.S. Attorney for the Southern District of New York, along with officials from the Commodity Futures Trading Commission and the Securities and Exchange Commission …

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