Sam Bankman-Fried charged in U.S. with bribing Chinese officials

Sam Bankman-Fried was charged with bribing Chinese officials, adding a new dimension to the U.S. government’s case against the FTX co-founder.

Prosecutors allege Bankman-Fried and others sought to regain access to the assets held in Alameda accounts in 2021 to fund additional trading activity, according to the indictment.13-count indictment

Three of his close associates, Gary Wang, Caroline Ellison and Nishad Singh, have already pleaded guilty to fraud and are cooperating with the government. An earlier revised indictment unsealed in February beefed up campaign-finance related charges against Bankman-Fried, a onetime major donor to Democratic political candidates. Prosecutors claimed Bankman-Fried conspired to influence U.S. crypto regulation through donations by him and others at FTX.

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