Sam Bankman-Fried charged with using $100M in stolen funds for political contributions ...Middle East

FTX founder Sam Bankman-Fried allegedly used $100 million in funds he stole from his customers to make political campaign contributions ahead of the 2022 midterm elections, federal prosecutors wrote in a superseding indictment Monday. The prosecutors allege that Bankman-Fried embezzled customer deposits to, among other accusations, “help fund over a hundred million dollars in campaign contributions to Democrats and Republicans to seek to influence cryptocurrency regulation.” This comes just days after Judge Lewis A. Kaplan sent him to jail, saying that there was probable cause to suggest Bankman-Fried had attempted to “tamper with witnesses at least twice” since his December arrest.

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Last updated : 15 August 2023 clock 07:28 PM

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Sam Bankman-Fried charged with using $100M in stolen funds for political contributions ...Middle East

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