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PBS News Hour

FTX founder Sam Bankman-Fried indicted on fraud charges

Federal prosecutors unveiled a battery of charges against Sam Bankman-Fried, founder of the bankrupt cryptocurrency exchange FTX. They include wire fraud, money laundering and lying to investors. Bankman-Fried was arrested Monday in the Bahamas just hours before he was scheduled to testify remotely before the Senate Banking Committee. John Yang reports.
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