Defunct FTX Founder Indicted on Bribery Charges
U.S.federal prosecutors have charged FTX founder Sam Bankman-Fried in a new arraignment with conspiracy to bribe Chinese government officials with $40 million in payments. The new charge, which brings Bankman-Fried’s total charges to 13, accuses him of conspiring to break the FCPA, an act that prohibits U.S. citizens from bribing foreign officials to gain business. Manhattan prosecutors accused Bankman-Fried of ordering the transaction to be made to defrost accounts that belonged to Alameda Research, his hedge fund, which the Chinese government had frozen. According to federal prosecutors, the accounts contained crypto worth more than $1 billion. According to the charges,…
