The disgraced co-founder of collapsed crypto exchange FTX is being slapped with a whole new round of criminal charges.
According to new court documents, former crypto billionaire Sam Bankman-Fried is now being charged by the U.S. Department of Justice (DOJ) for allegedly bribing Chinese officials with tens of millions of dollars.
In a new superseding indictment submitted to the Southern District of the New York US District Court today, prosecutors representing the United States review the charges against Bankman-Fried.
“From at least in or about 2019, up to and including in or about November 2022, Samuel Bankman-Fried, a/k/a ‘SBF,’, the defendant, corrupted the operations of the cryptocurrency companies he founded and controlled – including FTX and Alameda Research – through a pattern of fraudulent schemes that victimized FTX customers, investors, financial institutions, lenders, and the Federal Election Commission.”
The prosecution alleges SBF stole customer deposits to keep his frauds afloat, make speculative investments, contribute to charities, and make himself rich. They also insinuate SBF tried to buy off American politicians before alleging SBF also tried to bribe Chinese government officials.
“He also conspired to bribe one or more Chinese government officials in order to regain access to Alameda trading accounts that had been frozen by Chinese law enforcement authorities.”
The document goes on to allege that SBF’s attempted bribery ran a price tag of at least $40,000,000.
SBF’s representatives have yet to comment on the new allegations at time of publishing.
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inboxCheck Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Denis Starostin
