Superseding indictment against Sam Bankman-Fried includes using $100M for campaign contributions By Cointelegraph
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The United States Attorney’s Office has released a new superseding indictment against former FTX CEO Sam Bankman-Fried, which includes allegations of campaign finance law violations as part of a wire fraud scheme.
In an Aug. 14 filing in the U.S. District Court for the Southern District of New York, U.S. Attorney Damian Williams charged Bankman-Fried, who also goes by “SBF,” with seven counts nearly identical to those he had faced upon arrival in the U.S. from the Bahamas in December 2022. However, following a legal battle in which SBF’s defense team argued he should not face a charge for violation of campaign finance laws, as it was not included in the extradition agreement, prosecutors said they would consider the scheme as evidence in a wire fraud charge.
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The United States Attorney’s Office has released a new superseding indictment against former FTX CEO Sam Bankman-Fried, which includes allegations of campaign finance law violations as part of a wire fraud scheme.
In an Aug. 14 filing in the U.S. District Court for the Southern District of New York, U.S. Attorney Damian Williams charged Bankman-Fried, who also goes by “SBF,” with seven counts nearly identical to those he had faced upon arrival in the U.S. from the Bahamas in December 2022. However, following a legal battle in which SBF’s defense team argued he should not face a charge for violation of campaign finance laws, as it was not included in the extradition agreement, prosecutors said they would consider the scheme as evidence in a wire fraud charge.
Continue Reading on Coin Telegraph
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