Southern District of New York

The Southern District of New York released charges against FTX’s Sam Bankman-Fried, a day after he was arrested in the Bahamas. The charges include eight criminal counts, primarily involving fraud and conspiracy, the illicit shifting of money from FTX to Alameda Research (also part of FTX Group) and breach of campaign finance laws. Bankman-Fried is also being charged by the Securities and Exchange Commission on similar grounds, with the Commission describing FTX as “a house of cards on a foundation of deception”. The Commodity Futures Trading Commission is suing him as well. The FTX founder is currently held in the Bahamas, pending extradition to the United States, which reports say he will resist in a Bahamian court.

Prince Andrew isn’t hiding from the Department of Justice, a source close to the Prince told me on Friday — and Geoffrey Berman, US attorney for the Southern District of New York, isn’t telling the truth. Who to believe, the prince or the prosecutor? Andrew has kept his head below the parapet since discussing his connections to Jeffrey Epstein in a disastrous BBC interview last November. But Berman has been a voluble and public presence. Three times in the last six months, Berman has accused Andrew and his lawyers of refusing to co-operate with the Department of Justice’s request that he make a witness statement. Andrew and his team have said nothing — until now.