FTX co-founder Sam Bankman-Fried faces four new criminal charges | Engadget

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FTX co-founder Sam Bankman-Fried faces four new criminal charges | Engadget
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FTX co-founder Sam Bankman-Fried faces four new criminal charges

in a New York federal court accuses SBF of fraudulent activity through both FTX and the linked Alameda Research hedge fund. The co-founder also allegedly violated federal campaign finance laws by making secret donations to a congressional super PAC using the names of two executives.claims the additional allegations could lead to an additional 40 years in prison if SBF is convicted.

on December 12th, and quickly dropped plans to fight extradition to the US. He has already pleaded not guilty to federal charges that include multiple wire fraud counts. He also faces a civil lawsuit from the Securities and Exchange Commission as well as action from the Commodity Futures Trading Commission . Prosecutors claim Bankman-Fried defrauded investors of nearly $2 billion, but the ex-CEO

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