New indictment charges former billionaire with seven counts of conspiracy and fraud
Sam Bankman-Fried used stolen customer funds to make more than $100m in campaign contributions ahead of the 2022 US midterm elections, federal prosecutors said on Monday in a new indictment filed against the founder of the FTX cryptocurrency exchange.
The new indictment charges the 31-year-old former billionaire with seven counts of conspiracy and fraud over the collapse of the exchange. He has previously pleaded not guilty.
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