Prosecutors: FTX Founder Bankman-Fried Made ‘Tens of Millions’ in Illegal Campaign Donations

Click here to read the full article.

Federal authorities on Tuesday charged FTX co-founder Sam Bankman-Fried for making “tens of millions of dollars in illegal campaign contributions” to influence policies and laws around cryptocurrency.

Damian Williams, the U.S. Attorney for the Southern District of New York, told reporters Tuesday that Bankman-Fried—sometimes known as SBF—faces charges of wire fraud, conspiracy, and campaign finance violations.

“From 2019 until earlier this year, Bankman-Fried and his co-conspirators stole billions of dollars from FTX customers,” Williams said. “He used that money for his personal benefit, including to make personal investments and to cover expenses and debts of his hedge fund, Alameda Research.”

Continue reading here.

Scroll down for comments and share your thoughts!

Author

What do you think?

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

WATCH: Biden claims ‘trans kids’ under attack, must be protected

Biden Slammed for White House Light Display After Signing ‘Respect for Marriage Act’: ‘The World Is Laughing’