The new indictment against FTX founder Sam Bankman-Fried includes new details alleged fraud at the cryptocurrency company and a related hedge fund.
He also tried"to purchase influence over cryptocurrency regulation in Washington, D.C., by steering tens of millions of dollars in illegal campaign contributions to both Democrats and Republicans," according to the new indictment, which was was unsealed in U.S. District Court in Manhattan.Bankman-Fried, who remains free on a $250 million personal recognizance bond after being first charged in late 2022, has pleaded not guilty in the case.
The charging document lays out how Bankman-Fried allegedly operated an illegal straw donor scheme as he moved to use customers funds to run a multimillion political influence campaign. "To avoid certain contributions being publicly reported in his name, Bankman-Fried conspired to and did have certain political contributions made in the names of two other FTX executives," the new filing claims.
However, in 2022, then-FTX director of engineering Nishad Singh contributed $1.1 million to the LGBTQ Victory Fund Federal PAC, according toSingh, who did not immediately respond to a request for comment, has not been charged with any wrongdoing. The document says another unnamed co-conspirator"who publicly aligned himself with conservatives, made contributions to Republican candidates that were directed by Bankman-Fried and funded by Alameda," the crypto tycoon's hedge fund.
Salame could not be reached for comment. A spokeswoman for Salame did not return a request for comment.
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