Free Republic 2nd Qtr 2025 Fundraising Target: $81,000 Receipts & Pledges to-date: $68,957
85%  
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  • Sam Bankman-Fried hit with 8 criminal charges, including fraud and conspiracy for allegedly 'misappropriating' FTX customer funds

    12/13/2022 11:38:16 AM PST · by V_TWIN · 18 replies
    Yahoo.com ^ | Tue, December 13, 2022 at 10:23 AM | Sindhu Sundar
    A grand jury indictment against Sam Bankman-Fried was unsealed Tuesday. Prosecutors in New York accused him of mixing the coffers of FTX and Alameda Research. The 8 criminal charges against him include wire fraud, conspiracy to commit money laundering, and conspiracy to defraud the US and violate the campaign finance laws. US federal prosecutors in New York have formally charged former FTX CEO Sam Bankman-Fried with 8 criminal charges, including fraud for allegedly using FTX funds to support the endeavors of his crypto hedge fund Alameda Research.