Home United States USA — Financial Bankman-Fried, others made more than 300 illegal political donations, new indictment says

Bankman-Fried, others made more than 300 illegal political donations, new indictment says

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Bankman-Fried was previously hit with eight counts of fraud, money laundering and other charges over the collapse of the now-bankrupt exchange.
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 unlawful because they were attributed to a “straw donor” or made using corporate funds, often allowing Bankman-Fried to evade contribution limits on individual contributions to candidates, prosecutors said.
Overall, the new indictment contains four fraud charges and eight conspiracy charges.

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