Sam Bankman-Fried was beaten after FTX Fallout with 4 new criminal complaints
Sam Bankman-Fried was beaten after FTX Fallout with 4 new criminal complaints
The folded FTX founder Sam Bankman-Fried (SBF) is again under legal pressure after a judge disposed of a 12-point ranking against him on Thursday.
The submission adds 4 new charges in December with 8 indictment points and contains new details on illegal political donations from Sbf.
straw donation program
as a government claims "corrupted" Bankman-Fried both the crypto exchange FTX as well as its sister trading company Alameda Research for at least three years to hers Collective collapse in November last year.
According to the file, his plans included the theft of FTX customer deposits for a variety of purposes, such as: B. to enrich yourself and to cure yourself political favor between the two parties in Washington.
The indictment claims that SBF and his co-conspirators have made over 300 political donations using the names of other persons or using company funds of several $ several million. This is far above the donation boundaries for individual campaigns and violates the laws on campaign financing.
"In order to avoid that certain contributions are publicly reported in his name, Bankman-Fried has conspired and made certain political contributions on behalf of two other FTX managers," says the new submission.
Examples of such illegal contributions were contributions of a contribution to a PAC, which was selected as co-confidently 1 (CC-1), who was selected to donate at least 1 million US dollar to support a candidate who is connected to LGBTQ topics. "In general, they mean that they are the center-left face of our expenses that they give a lot of bright shit for transaction purposes," one of the political advisors from SBF told CC-1.
While Bankman-Fried's contributions to democratic candidates were made well public-and often examined -the former executive has roughly claimed the same amount to republican To have donated candidates. In fact, it was stated in the indictment that a separate donor called CC-2 focused on donating to conservatives, in accordance with Banksman-Fried's preference to keep donations "dark" donations.
other new fees
In addition to the straw donor program, the Grand jury also claimed that Bankman-Fried had confined to bank fraud. He opened a bank account under the pretext to use it for trade and market making, although it was used in practice to receive FTX customer deposits.
It was also accused of operating a non-licensed money transfer business and the conspiracy to inspect money laundering
according to cnbc said a source trusted with the matter that the new charges could lead to a further 40 years in prison.
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