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https://www.politico.com/news/2023/02/23/bankman-fried-fraud-charges-00084143
U.S. prosecutors on Thursday revealed new details of how FTX founder Sam Bankman-Fried allegedly made millions of dollars of illegal campaign contributions using stolen customer money, as they hit the one-time crypto exchange executive with new fraud charges.
Federal prosecutors in New York alleged that Bankman-Fried and two unnamed co-conspirators took out loans from Alameda Research — his hedge fund — and siphoned FTX customer funds to pump money into campaigns and super PACs that supported candidates from both parties in the 2022 midterms. The charges indicate the misuse of funds for political activity contributed to the collapse of the FTX exchange last year.
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https://www.politico.com/news/2023/02/23/bankman-fried-fraud-charges-00084143
>
U.S. prosecutors on Thursday revealed new details of how FTX founder Sam Bankman-Fried allegedly made millions of dollars of illegal campaign contributions using stolen customer money, as they hit the one-time crypto exchange executive with new fraud charges.
>
Federal prosecutors in New York alleged that Bankman-Fried and two unnamed co-conspirators took out loans from Alameda Research — his hedge fund — and siphoned FTX customer funds to pump money into campaigns and super PACs that supported candidates from both parties in the 2022 midterms. The charges indicate the misuse of funds for political activity contributed to the collapse of the FTX exchange last year.
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