The founder of bankrupt cryptocurrency firm FTX.com Sam Bankman-Fried (SBF) has received another four criminal charges in a superseding indictment filed in New York federal court Thursday.
SBF has already pleaded not guilty to eight criminal charges related to defrauding his customers and investors. The latest accusations would bring total charges he faces to 12.
The latest charges from prosecutors provide new details on how Bankman-Fried allegedly conspired to make illegal political donations and to commit bank fraud.
According to the indictment, Bankman-Fried conspired with two other former FTX executives to donate millions of dollars in an attempt to purchase influence over cryptocurrency regulation in Washington D.C. to benefit his own company.
Bankman-Fried and FTX’s donations were allegedly made through “straw” donors or with corporate funds, to evade campaign finance laws and contribution limits, added prosecutors.
(By DYLAN BUTTS)
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