NEW YORK :Sam Bankman-Fried was hit with new criminal charges on Thursday, in an expanded indictment accusing the founder of the now-bankrupt FTX cryptocurrency exchange of conspiring to make more than 300 illegal political donations.Bankman-Fried now faces 12 criminal charges, including four for fraud and ei
NEW YORK :Sam Bankman-Fried was hit with new criminal charges on Thursday, in an expanded indictment accusing the founder of the now-bankrupt FTX cryptocurrency exchange of conspiring to make more than 300 illegal political donations.
The donations were unlawful because they were made through"straw" donors or with corporate funds, often allowing Bankman-Fried to evade contribution limits, prosecutors said. The indictment said a political consultant working for Bankman-Fried told one of the executives, identified as CC-1, that"you being the center left face of our spending will mean you giving to a lot of woke shit for transactional purposes."After founding FTX in 2019, Bankman-Fried rode a boom in the value of Bitcoin and other digital assets to attain an estimated $26 billion net worth.
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