Superseding Indictment Reveals Details Behind Sam Bankman-Fried’s Alleged Scheme To Influence Washington Politics
Superseding Indictment Reveals Details Behind Sam Bankman-Fried’s Alleged Scheme To Influence Washington Politics
A new indictment revealed last Thursday in the Southern District of New York charged Sam Bankman-Fried (“SBF”) with additional financial crimes, and notably provided expansive details related to an unlawful political campaign donation scheme.
The unsealed indictment provides details on how SBF allegedly donated tens of millions of dollars of customer funds to Democratic and Republican candidates and causes.
While the previous indictment alleged that SBF had violated campaign-finance laws, Thursday’s indictment provided a motivation and narrative behind the alleged siphoning of customer funds to make political donations: to gain political influence in Washington.
SBF's trial date is set for October, 2023.
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