Judicial pressure – The list of charges against Sam Bankman-Fried elongates. Prosecutors also want the FTX founder to account for the large donations he made to American politicians.
Sam Bankman-Fried facing new charges
In a supplementary indictment deposit on February 23, US prosecutors extended the list of charges against Sam Bankman-Fried. The founder of FTX must now answer for new criminal charges which are related to his political donations, when he was still the head of the crypto exchange.
Prosecutors believe that Sam Bankman-Fried tried ” to Buy Influence on Cryptocurrency Regulation in Washington, DC. ”, through 300 illegal political donations that the former CEO of FTX made in the United States. Sam Bankman-Fried’s illegal contributions to Democrats and Republicans amount to tens of millions of dollars, according to the filing.
These gifts from the founder of FTX thus embarrass today not only Sam Bankman-Fried, but also American political parties. In connection with the recovery of its assets, FTX and its affiliated entities had asked recipients of donations to send them backsubject to legal action.
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Four New Charges Against FTX Founder: Will He Plead Not Guilty?
In January, the founder of FTX had pleaded not guilty to eight counts. Now that number has increased to twelve. The additional charges relate to these donations and other frauds:
- Conspiracy to defraud FTX clients in the purchase and sale of derivatives;
- Conspiracy to operate an unlicensed money transfer business;
- Conspiracy to Commit Wire Fraud on Money LendersAlameda Research ;
- Conspiracy to make illegal political contributions and defraud the Federal Election Commission.
Will Sam Bankman-Fried also play the innocence card for these new charges, or will he admit his wrongdoing in the face of increasing pressure from prosecutors?
These new accusations come just over a week after the media reported rumors that the former director of engineering of FTX, Nishad Singh, would consider pleading guilty and cooperating with investigators. This childhood friend of Sam Bankman-Fried also participated in political party fundraising campaigns in the United States. He will therefore probably have some juicy anecdotes to tell the prosecutors on this subject.
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