FTX founder Sam Bankman-Fried faces 4 new charges

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FTX founder Sam Bankman-Fried faces 4 new charges
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Disgraced FTX founder Sam Bankman-Fried of conspiracy contained in a superseding indictment unsealed Thursday.

Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, exits the Manhattan federal court in New York City, Feb. 16, 2023.of conspiracy contained in a superseding indictment unsealed Thursday.

The filing outlines that from 2020 up to November 2022 -- the most recent midterm elections -- he donated more than $25,000 in a year to candidates "in the names of other persons." He also knowingly donated more than $25,000 in a year by a corporation, which is more than the limit. No new appearances were immediately scheduled for his arraignment on the additional counts. The new charges expose Bankman-Fried to a possible additional 40 years in prison, if convicted.

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