Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, exits the Manhattan federal court in New York City, February 16, 2023.
Eduardo Munoz | Reuters
FTX co-founder Sam Bankman-Fried was hit with four new criminal charges on Thursday in a superseding indictment in New York federal court.
The new charging document lays out in greater detail Bankman-Fried’s allegedly fradulent conduct related to his cryptocurrency company and an associated hedge fund.
The 12-count indictment also provides new details of political donations that Bankman-Fried allegedly directed in violation of federal campaign finance laws.
The document lays how how Bankman-Fried allegedly operated an illegal straw donor scheme as he moved to use customers funds to run a $40 million political influence campaign.
A source familar with the new counts said that SBF, as he is popularly known, could face an additional 40 years in prison if convicted in the case.
The new indictment was unsealed in U.S. District Court in Manhattan, where Bankman-Fried was originally charged.
He has pleaded not guilty in the case.
– Additional reporting by CNBC’s Jim Forkin
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