FTX Founder Sam Bankman-Fried Faces New Charges for Allegedly Making Illegal Political Donations

A new indictment against FTX Founder Sam Bankman-Fried and a number of alleged co-conspirators alleges that the crew made hundreds of illegal political donations fraudulently attributed to a “straw donors” or using company funds, dodging legal contribution limits that are supposed to cap individual contributions to candidates, Reuters reports.

The federal indictment lists four new fraud charges and eight new conspiracy charges. Bankman-Fried has previously pleaded not guilty in cases accusing him of fraud and money laundering related to the failed cryptocurrency exchange FTX. 

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