Four new charges, including securities fraud and conspiracy fraud counts, were unveiled with the unsealing of the refreshed indictment in Manhattan federal court that was returned a day earlier.
In reality, prosecutors wrote, Bankman-Fried routinely tapped FTX customer assets to provide interest-free capital for his and Alameda's private expenditures, and in the process"exposed FTX customers to massive, undisclosed risk." They said Bankman-Fried controlled both companies and"used them to prop each other up, notwithstanding conflicts of interest and outright lies to the contrary."It was not known when Bankman-Fried would return to Manhattan for an arraignment.
He is free on a $250 million personal recognizance bond. The bail arrangement allows him to live with electronic monitoring at his parents' home in Palo Alto, California.
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