U.S. prosecutors ask to postpone SEC, CFTC cases against Bankman-Fried

USA-BANKMANFRIED-REGULATION:U.S. prosecutors ask to postpone SEC, CFTC cases against Bankman-Fried
USA-BANKMANFRIED-REGULATION:U.S. prosecutors ask to postpone SEC, CFTC cases against Bankman-Fried Copyright Thomson Reuters 2023
Copyright Thomson Reuters 2023
By Reuters
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NEW YORK - U.S. prosecutors on Tuesday asked a judge to postpone civil cases brought against FTX founder Sam Bankman-Fried by federal regulators until a parallel criminal case against the former billionaire concludes.

The Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have each filed civil fraud cases against Bankman-Fried over the collapse of his cryptocurrency exchange.

Bankman-Fried has pleaded not guilty to criminal fraud charges in Manhattan federal court.

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