FTX founder Sam Bankman-Fried hit with new criminal charges

FTX co-founder Sam Bankman-Fried was deed with 4 caller criminal charges connected Thursday successful a superseding indictment successful New York national court.

A root familar with the caller counts said that SBF, arsenic helium is popularly known, could look an further 40 years successful situation if convicted successful the case.

The caller charging papers lays retired successful greater item Bankman-Fried's allegedly fradulent behaviour related to his cryptocurrency institution and an associated hedge fund.

The 12-count indictment besides provides caller details of governmental donations that Bankman-Fried allegedly directed successful usurpation of national run concern laws.

The papers lays however Bankman-Fried allegedly operated an amerciable straw donor strategy arsenic helium moved to usage customers funds to tally a $40 cardinal governmental power campaign.

"To debar definite contributions being publically reported successful his name, Bankman-Fried conspired to and did person definite governmental contributions made successful the names of 2 different FTX executives," the caller filing claims.

The caller indictment was unsealed successful U.S. District Court successful Manhattan, wherever Bankman-Fried was primitively charged.

He has pleaded not blameworthy successful the case.

Manhattan U.S. Attorney Damian Williams, successful a connection connected the caller indictment said, "We are hard astatine enactment and volition stay truthful until justness is done."

- Additional reporting by CNBC's Jim Forkin

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