An indictment against former FTX CEO Samuel Bankman-Freid was made public on Feb. 23, and included 12 statutory allegations, including wire fraud, securities fraud, and conspiracy to make unlawful political contributions.
FTX was founded in 2019 and was controlled by Bankman-Freid, along with several smaller companies, including FTX.US and Alameda Research. The defendant is accused of misappropriating investor funds, moving them between companies to support venture investments, and using the money for unlawful political influence.
The indictment asserts that Bankman-Freid directed tens of millions of dollars in illegal contributions to candidates of both parties to be donated in the names of others to “obscure the true source of the money and evade federal election law.”…