Superseding indictment in opposition to Sam Bankman-Fried consists of utilizing $100M for marketing campaign contributions

The USA Legal professional’s Workplace has launched a brand new superseding indictment in opposition to former FTX CEO Sam Bankman-Fried, which incorporates allegations of marketing campaign finance legislation violations as a part of a wire fraud scheme.

In an Aug. 14 submitting within the U.S. District Courtroom for the Southern District of New York, U.S. Legal professional Damian Williams charged Bankman-Fried, who additionally goes by “SBF,” with seven counts practically similar to these he had confronted upon arrival within the U.S. from the Bahamas in December 2022. Nonetheless, following a authorized battle through which SBF’s protection staff argued he shouldn’t face a cost for violation of marketing campaign finance legal guidelines, because it was not included within the extradition settlement, prosecutors stated they’d contemplate the scheme as proof in a wire fraud cost.

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