.FTX_Official founder SBF_FTX is facing additional charges, including bank fraud operating an unlicensed money transmitter charges in addition to the eight counts he already faces.
FTX founder Sam Bankman-Fried faces additional charges, including bank fraud allegations, under a new indictment unveiled Thursday morning.with bank fraud and operating an unlicensed money transmitter in addition to the eight counts he already faced. Bankman-Fried also faces a modified campaign-finance law charge, conspiracy to make unlawful political contributions.
Bankman-Fried and other conspirators “agreed to and did make corporate contributions to candidates and committees in the Southern District of New York that were reported in the name of another person,” the document added. In July, Singh gave $1.1 million to the LGBTQ Victory Fund Federal PAC, according to records from the Federal Election Commission, an independent U.S. regulatory agency tasked with enforcing federal campaign-finance law. It was the committee's biggest donation by far, and the money was generally used for so-called independent expenditures – or unofficial campaign contributions – to buy advertising for now-Rep. Becca Balint .
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