Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, has been indicted on new criminal charges, including campaign finance violations, according to the Manhattan District Attorney’s Office.
The office said that Bankman-Fried has been hit with four new criminal charges in an unsealed indictment that includes charges of fraud, money laundering, and obstruction of justice.
The indictment alleges that Bankman-Fried and his co-conspirators defrauded customers of millions of dollars by creating a fraudulent cryptocurrency exchange and using it to manipulate the market and make illegal profits.
The indictment also alleges that Bankman-Fried and his co-conspirators used the proceeds from their scheme to make illegal campaign contributions to political campaigns in the United States and abroad.
The indictment is the latest development in a series of investigations into the cryptocurrency exchange industry, which has been plagued by allegations of fraud and money laundering.
Bankman-Fried is the latest high-profile figure to be charged in the investigation. He is the founder of FTX, one of the largest cryptocurrency exchanges in the world.
The Manhattan District Attorney’s Office said that Bankman-Fried and his co-conspirators have been charged with conspiracy to commit securities fraud, money laundering, and obstruction of justice.
The office said that Bankman-Fried and his co-conspirators face up to 20 years in prison if convicted on all charges.
The indictment is the latest development in a series of investigations into the cryptocurrency exchange industry, which has been plagued by allegations of fraud and money laundering.
The investigation into Bankman-Fried and his co-conspirators is ongoing, and more charges may be forthcoming.