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Sam Bankman-Fried, the FTX co-founder, is facing more charges due to a superseding indictment in New York federal court.
The United States prosecutors have widened their case against Bankman-Fried.
He is facing four new criminal charges, which include securities fraud, conspiracy to commit bank fraud, and operating an unlicensed money-transmitting business.
Bankman-Fried now has a total number of twelve federal charges against him. He originally faced eight criminal counts and was extradited from the Bahamas.
The FT reported that the new charge sheet lists evidence that appears to come from the head of FTX’s trading affiliate Alameda, Caroline Ellison, and FTX co-founder Gary Wang.
Both the latter two pleaded guilty to criminal charges and agreed to cooperate with the United States prosecutors.
Bankman-Fried pleaded not guilty to all eight original charges.
FTX founder and Democrat Super Donor Sam Bankman-Fried has been accused of orchestrating a “year-long fraud” by the Securities Exchange Commission. https://t.co/i0NTgnM8WW
— Breitbart News (@BreitbartNews) December 13, 2022
It is believed that Bankman-Fried set out to influence politicians by donating tens of millions of dollars to campaigns.
More on this story via Breitbart:
The new indictment was unsealed in U.S. District Court in Manhattan, where Bankman-Fried was originally charged.
Manhattan U.S. Attorney Damian Williams, in a statement on the new indictment, said, “We are hard at work and will remain so until justice is done.”