Federal prosecutors hit FTX founder Sam Bankman-Fried with four new charges Thursday as part of their criminal case against the former crypto wunderkind.
The new 12-count superseding indictment adds new bank fraud and money laundering counts against Bankman-Fried as well as modified campaign finance charges. In the new document, prosecutors describe how Bankman-Fried and two unnamed defendants conspired to defraud the Federal Elections Commission by using straw donors to “evade contribution limits on individual donations to candidates to whom” the former CEO had already donated.
Bankman-Fried and his co-conspirators are alleged to have organized the straw donor scheme in a Signal group chat called “Donation Processing.” The chat is said…
