SBF facing multiple fraud, conspiracy charges in unsealed superseded indictment

FTX founder Sam Bankman-Fried (SBF) faces latest surcharge Replacement of indictment Opened on February 23rd.

An unsealed indictment in the United States District Court in Manhattan, where SBF was originally indicted, contains a total of 12 charges, four of which are new. Revealing new details of illegal political donations made to obtain

A new indictment charged SBF with securities fraud. wire fraud; multiple conspiracy charges related to wire transfer fraud against Alameda lenders and his FTX customers; money laundering; operating an unlicensed money transfer business; bank fraud; and donations to illegal campaigns.

SBF has so far pleaded not guilty to all charges in his case.

The document details how SBF stole billions of dollars from customers and investors to support the operations of both FTX and its sister company Alameda Research. Additionally, he accuses SBF of using the stolen funds for speculative investments and his charitable contributions.

According to the indictment, the SBF donated tens of millions of dollars of illicit campaign funds to both Democrats and Republicans in order to “buy influence over Washington DC’s cryptocurrency regulation.”

According to the indictment:

“[SBF and his associates] Made over 300 political contributions totaling tens of millions of dollars, which were illegal because they were made in the name of straw donors or were paid with corporate funds. “

Additionally, the documents allege that the SBF made a concerted effort to keep donations to Republicans “in the dark.”

The filing also alleges that SBF attempted to hide certain political contributions by donating money in “the names of two other FTX executives.”

The document does not name the two executives. However, based on Open Secrets records, the executives could be his Nishad Singh and Ryan Salame.Shin donated One of the PACs named in the indictment donated Millions of dollars to the Republican PAC. The two have never been charged with wrongdoing.

According to the filing, Straw’s donation scheme was operated and carried out in part via the encrypted messaging app Signals.

In addition, SBF and his two unnamed co-conspirators have attempted to subvert the plan by “recording wire transfers from Alameda to personal bank accounts for the purpose of making donations as Alameda ‘loans’ or ‘expenses’.” made a concerted effort to conceal the “