Bankman-Fried faces new criminal charges, is accused of hiding political donations

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Reuters

By Luc Cohen and Jonathan Stempel NEW YORK (Reuters) -Sam Bankman-Fried was hit with new criminal charges on Thursday, in an expanded indictment accusing the founder of the now-bankrupt FTX cryptocurrency exchange of conspiring to make more than 300 illegal political donations. Bankman-Fried now faces 12 criminal charges, including four for fraud and eight for conspiracy, up from eight charges in an earlier indictment, to which he has pleaded not guilty. The new indictment adds to pressure on the 30-year-old former billionaire, who has already seen two of his former top lieutenants plead guilt…

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