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WRAPUP 8-FTX founder charged with fraud in U.S., denied bail in the Bahamas

"We allege that the defendant conspired to defraud customers by misappropriating their deposits; to defraud lenders; to commit securities fraud and money laundering; and to violate campaign finance laws," U.S. Attorney General Merrick Garland said in a statement. Both the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) alleged Bankman-Fried committed fraud in lawsuits filed on Tuesday.
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