Bankman-Fried faces new criminal charges, is accused of hiding political donations

South Africa News News

Bankman-Fried faces new criminal charges, is accused of hiding political donations
South Africa Latest News,South Africa Headlines
  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 66%

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

ChannelNewsAsia /  🏆 6. in SG

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bankman-Fried, others made more than 300 illegal political donations, new indictment saysBankman-Fried, others made more than 300 illegal political donations, new indictment saysNEW YORK : Sam Bankman-Fried and his co-conspirators made more than 300 illegal political donations in the United States, according to a new indictment against the FTX cryptocurrency exchange founder unsealed on Thursday in Manhattan federal court. The donations, totaling tens of millions of dollars, were
Read more »

New indictment unsealed against FTX founder Bankman-Fried, containing 12 chargesNew indictment unsealed against FTX founder Bankman-Fried, containing 12 chargesNEW YORK: A new superseding indictment against FTX cryptocurrency exchange founder Sam Bankman-Fried containing 12 charges was unsealed on Thursday (Feb 23) in Manhattan federal court. Bankman-Fried was previously charged with eight counts of fraud, money laundering and other charges over the collapse of t
Read more »

2 teens’ deaths underscore dangers of ‘subway surfing’ in New York2 teens’ deaths underscore dangers of ‘subway surfing’ in New YorkThe number of people riding outside trains has more than quadrupled in recent times. Read more at straitstimes.com.
Read more »

Paul Rudd lookalike dog is adopted after search goes viralPaul Rudd lookalike dog is adopted after search goes viralAnt Man actor’s appeal helps Waffle House find a new home - and a new name.
Read more »

Grab driver tells passenger he earns 5 figures monthly, graduated from NTU and got his MBA from New York - Singapore NewsGrab driver tells passenger he earns 5 figures monthly, graduated from NTU and got his MBA from New York - Singapore News'Grab driver flexed his financial muscles at me... want to flex his Buaya muscles also... So exhausting la... Does he want validation from me?” the passenger asked.
Read more »

Ukraine war hands Poland new international roleUkraine war hands Poland new international roleWARSAW: Weakened on the international arena since its nationalist government came to power in 2015, Poland's image has been transformed over the past year by its leading role in the coalition supporting Ukraine. When Russian tanks rolled into Ukraine on Feb 24, 2022, neighbouring Poland opened its border t
Read more »



Render Time: 2025-04-05 17:52:27