Former FTX CEO Sam Bankman-Fried Faces New Charges in Multi-Billion Dollar Fraud Case

Sam Bankman-Fried (SBF), the disgraced co-founder of FTX, faces 4 much charges aft a caller indictment was unsealed connected Wednesday. The charges see operating an unlicensed wealth transportation concern and conspiring to perpetrate slope fraud.

SBF Gets 4 New Charges Tacked Onto His Indictment

The erstwhile CEO of FTX was primitively indicted 72 days agone by a national expansive assemblage successful Manhattan, and prosecutors charged the crypto speech co-founder with 8 antithetic offenses. The charges see conspiracy to perpetrate ligament fraud, ligament fraud, conspiracy to perpetrate commodities fraud, conspiracy to perpetrate securities fraud, and conspiracy to perpetrate wealth laundering.

A caller indictment was unsealed by the tribunal connected February 22, 2023, adding 4 caller charges to SBF’s case. The charges see operating an unlicensed wealth transmitter and conspiracy to perpetrate slope fraud. “Exploiting the spot that FTX customers placed successful him and his exchange, Bankman-Fried stole FTX lawsuit deposits and utilized billions of dollars successful stolen funds for a assortment of purposes,” the new indictment reads.

The recently revised indictment did not sanction immoderate different defendants, and it alleges that SBF “corrupted the operations of the cryptocurrency companies helium founded and controlled—including FTX.com and Alameda Research.” The revised indictment further adds that SBF “perpetrated this multibillion-dollar fraud done a bid of systems and schemes that allowed him, done Alameda, to entree and bargain FTX lawsuit deposits without detection.”

In summation to operating an unlicensed wealth transportation concern and slope fraud, SBF is accused of defrauding customers successful transportation with the acquisition and merchantability of derivatives. Furthermore, SBF faces a complaint of making unlawful governmental contributions and defrauding the Federal Election Commission.

What interaction bash you deliberation these caller charges volition person connected SBF’s case? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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