Federal prosecutors tacked on a 13th criminal charge against Sam Bankman-Fried, accusing the FTX co-founder of bribing "one or more" Chinese government officials with $40 million.
The charge of conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act raises to 13 the number of charges Bankman-Fried faces.
A new indictment charges FTX founder Sam Bankman-Fried with directing $40 million in bribes to one or more Chinese officials to unfreeze assets relating to his cryptocurrency business.
A new indictment charges FTX founder Sam Bankman-Fried with directing $40 million in bribes to one or more Chinese officials to unfreeze assets relating to his cryptocurrency business. The rewritten
Federal prosecutors said that in 2021, FTX founder Sam Bankman-Fried instructed those working for him to pay a bribe of $40 million to one or more Chinese officials to help unfreeze trading accounts.
After Chinese authorities froze several Alameda accounts worth more than $1 billion, Bankman-Fried directed an employee to make bribery payments to at least one government official there, an indictment says.
The disgraced former crypto CEO was already facing 12 federal charges. Now $40 million+ in possible bribes to the Chinese government is under scrutiny.
Federal prosecutors are now alleging FTX founder Sam Bankman-Fried directed a $40 million cryptocurrency bribe to Chinese government officials in a scheme to unfreeze Alameda assets.
FTX co-founder Sam Bankman-Fried paid out tens of millions of dollars worth of bribes to at least one Chinese government official, federal prosecutors alleged in a new indictment Tuesday.
The same month that the cryptocurrency exchange FTX abruptly collapsed into bankruptcy, a superseding indictment says the company’s founder paid off Chinese officials to regain access to $1 billion worth of frozen crypto assets.
The former billionaire orchestrated the alleged bribe after Alameda was locked out of its trading accounts on two of China's crypto exchanges in connection with an ongoing investigation.
Federal prosecutors added another charge against FTX co-founder Sam Bankman-Fried on Tuesday, accusing him of paying tens of millions of dollars worth of bribes to a Chinese government official.
