- On Thursday, prosecutors unveiled additional charges against Sam Bankman-Fried, the founder and former CEO of cryptocurrency exchange FTX, detailing how the ex-billionaire may have illegally donated millions of dollars of customers’ money to political causes and candidates.
- As reported by Politico, federal prosecutors in New York claim that Bankman-Fried, along with two other unnamed co-conspirators, donated to multiple super PACs and campaigns in 2022, after taking out loans from his hedge fund Alameda Research and siphoning customer funds from FTX. In addition to his direct contributions, Bankman-Fried also allegedly funneled donations through other individuals so that some of them couldn’t be easily traced back to him.
