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HomeUncategorizedSam Bankman-Fried, The Founder Of FTX, Has Been Charged Again

Sam Bankman-Fried, The Founder Of FTX, Has Been Charged Again

Sam Bankman-Fried, a co-founder of FTX, was charged with four more crimes on Thursday in a superseding indictment in federal court in New York.

The new criminal document provides more information on the allegedly dishonest actions Bankman-Fried reportedly took in connection with his bitcoin business and a related hedge fund.

Further information about the political donations that Bankman-Fried is accused of having directed in violation of federal campaign finance regulations is also included in the 12-count indictment.

In the document, it is detailed how Bankman-Fried reportedly ran a $40 million political influence operation using client funds while also engaging in an unlawful straw donation scam.

According to a person familiar with the new counts, SBF, as he is well known, could spend an additional 40 years behind bars if found guilty.

In U.S. District Court in Manhattan, where Bankman-Fried was first accused, the new indictment was made public.

In the case, he has entered a not-guilty plea.

Source (CNBC)

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