FTX Founder Sam Bankman-Fried Faces Four New Criminal Charges
Disgraced FTX founder Sam Bankman-Fried is facing even more legal trouble. A superseding indictment unsealed Thursday reveals four new criminal charges of conspiracy against the former CEO. This adds to the already mounting allegations surrounding the phenomenal downfall of the once-promising cryptocurrency exchange.
The new charges, brought by a federal grand jury in New York, accuse Bankman-Fried of conspiring to make illegal political donations and further detail crimes related to the alleged fraud perpetrated on customers, investors, and lenders of FTX. Court filings unsealed Thursday confirm that FTX co-founder and former CEO Sam Bankman-Fried faces four fresh counts of fraud.
Specifically, the indictment alleges that Bankman-Fried schemed to circumvent campaign finance laws. The former boss of collapsed crypto exchange FTX is accused of conspiring to make illegal political donations. Disgraced FTX founder Sam Bankman-Fried has been hit with four more bank fraud charges in a new indictment - which accuses him of posing as the 'savior of the' crypto industry while allegedly defrauding customers.
This latest development significantly intensifies the legal pressure on Bankman-Fried, as he now battles an even wider range of accusations related to the FTX collapse.