Federal Prosecutors Charge SBF with New Financial Crimes

full version at coinedition

SBF has been charged of four new financial criminal charges.
The charges include conspiracy to commit bank fraud and involvement in an unlicensed money-transacting business.
Allegedly, SBF conspired with other FTX officials to influence politicians to make them pass favorable laws.

Sam Bankman-Fried (SBF), the ex-CEO of the fallen crypto platform FTX, has been charged with four new financial crimes, in an indictment filed by the Federal Prosecutors in New York Federal Court on Thursday.

As per the reports, the new charges imposed on the disgraced CEO of FTX include conspiracy to commit bank fraud and operating an unlicensed money-transmitting business. In addition, he is charged with new securities and commodities fraud crimes.

Significantly, the indictment stated that Bankman-Fried conspired with two other FTX executives to influence politicians by donating millions of dollars and thereby making them pass laws favorable to the company. The prosecutors told that the donations were allegedly made through “straw” donors or with corporate funds.

In addition, the prosecutors commented that Bankman-Fried exposed the FTX customers to risks, for satisfying…

The post Federal Prosecutors Charge SBF with New Financial Crimes appeared first on Coin Edition.