Federal prosecutors charge Bankman-Fried with massive, yearslong fraud

Dec 13 2022 by POLITICO - TOP Stories

 

Federal prosecutors on Tuesday charged FTX founder Sam Bankman-Fried with multiple counts of fraud, money laundering and campaign finance violations, setting the stage for an explosive court battle following the collapse of the former crypto kingpin's company.

The 14-page criminal indictment — along with civil charges filed earlier by the Securities and Exchange Commission — allege that Bankman-Fried oversaw a massive corporate fraud at FTX and its affiliates that cost...

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