How screwed is Sam Bankman-Fried?

A month after the collapse of his cryptocurrency exchange, the FTX founder has finally been arrested, pending charges from the Southern District of New York. Based on the complaint released by the Securities and Exchange Commission, his legal prospects do not look good. The SEC has accused Bankman-Fried of “orchestrating a massive, years-long fraud” from the start, diverting billions of FTX deposits to his quantitative trading firm, Alameda Research. Even worse for the corporate media’s (former) favorite financier, his colleagues could be turning on him to save themselves.