Prosecutors allege that Sam Bankman-Fried used client money in violation of US law. They accuse the creator of FTX in seven new cases of fraud with signs of collusion.
Sam Bankman-Fried reportedly pressured other FTX executives to send money to some US politicians. So the former CEO of the exchange tried to circumvent laws on the limits of donations to election campaigns.
“He used the money to lobby Congress and force regulators to pass laws and regulations that would make it easier for FTX to accept client deposits and grow the company,” the Manhattan prosecutor’s office said.
However, the accused pleads not guilty, and his representative, Mark Botnick, declines to comment on the new allegations.
Recall that the court recently returned the founder of FTX to prison – the prosecutor’s office announced a violation of the conditions of house arrest.
Source: Bits
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