Disgraced FTX CEO and Democrat megadonor Sam Bankman-Fried paid over $40 million in bribes to at least one Chinese government official, the Department of Justice (DOJ) alleged in a new indictment on Tuesday.
Federal prosecutors say that Bankman-Fried and his associates “directed and caused the transfer” of at least $40 million in cryptocurrency “intended for the benefit of one or more Chinese government officials in order to influence and induce them” to unfreeze some accounts belonging to the FTX co-founder’s hedge fund, Alameda Research, according to aFTX founder Sam Bankman-Fried is led away in handcuffs by officers of the Royal Bahamas Police Force in Nassau, Bahamas, on December 13, 2022.
The Alameda Research accounts were the target of a freezing order from Chinese police “in or around” November 2021, the DOJ says. The new indictment also claims that Bankman-Fried and others tried “numerous methods” to unfreeze the accounts, which contained roughly $1 billion in cryptocurrency.allegedly directed a multi-million dollar bribe to unfreeze the accounts.
In December, Bankman-Fried was charged with eight criminal accounts, including securities fraud and money laundering. Last month, the disgraced FTX co-founder was hit withIn January, the 30-year-old pleaded not guilty in Manhattan federal court. The latest indictment on Tuesday suggests that the federal government has obtained new evidence about Bankman-Fried’s international dealings.crypto exchange Binance with allegations of facilitating terrorist financing and violations of U.S. derivatives law, CNBC noted.
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