Bankman-Fried faces more criminal charges, allegedly hid political donations

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Bankman-Fried faces more criminal charges, allegedly hid political donations
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The new charges add to pressure on the 30\u002Dyear\u002Dold former billionaire, who has seen two of his former top lieutenants plead guilty.

The new charges add to pressure on the 30-year-old former billionaire, who has seen two of his former top lieutenants plead guilty.

The indictment said a political consultant working for Bankman-Fried told one of the executives, identified as CC-1, that “you being the center left face of our spending will mean you giving to a lot of woke shit for transactional purposes.”Article content In a statement, the group said it has “set aside funds and will take appropriate action once we receive guidance from authorities.”After founding FTX in 2019, Bankman-Fried rode a boom in the value of Bitcoin and other digital assets to attain an estimated $26 billion fortune.

The indictment said that on Nov. 6, five days before FTX’s bankruptcy filing, Bankman-Fried forwarded CC-1 a message from Caroline Ellison, then Alameda’s chief executive.

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