en.wikipedia.org/wiki/Sam_Bankman-Fried

This sentence describes the indictment unsealed when Bankman-Fried was arrested in December 2022. The U.S. Attorney for the Southern District of New York said he was charged in an eight-count indictment, not seven. The DOJ press release explicitly states: “Bankman-Fried Charged in an Eight-Count Indictment...” and then lists the counts. Later in the case, one charge was dropped, which may explain the confusion, but the original December 2022 indictment was eight counts.

This infobox entry appears outdated or incorrect. Multiple later reports place Bankman-Fried at Federal Correctional Institution, Terminal Island in California, not at FCI Lompoc I. An AP report from November 2025 said Terminal Island “currently houses” Bankman-Fried, and a March 2026 report on court filings likewise identified Terminal Island in San Pedro as the prison where he was serving his sentence.

This sentence mixes up two different figures from Gary Wang's testimony. Contemporary coverage of the trial reported that Wang said Alameda had a line of credit of up to $65 billion on FTX, but that this privilege allowed Alameda to spend or withdraw about $8 billion of customer funds. In other words, $65 billion was the credit limit, not the amount misappropriated from customers.

If this infobox field is meant to give the date Bankman-Fried was apprehended or arrested, the correct date is December 12, 2022, when Bahamian authorities arrested him. August 11, 2023 refers to a later event: a U.S. judge revoked his bail and remanded him into custody pending trial. Those are different milestones.