US media report that Sam Bankman-Fried, founder and former FTX leader, has been charged with additional criminal charges on 12 counts. On Wednesday, February 22, US Attorney Damian Williams ratified the indictment in the District Court of the Southern District of New York. It claimed that the entrepreneur made political contributions on behalf of other FTX employees. According to the indictment, Bankman-Fried became one of the largest sponsors of the Democratic Party in the midterm elections last year.
He is also accused of deliberate conspiracy to banking fraud. It is alleged: a former FTX manager knew that the account would be used to receive money transfers from customers of his exchange. However, Bankman-Fried himself informed the bank representatives of false information, noting that the account would be used for trading purposes.
According to experts, clouds are gathering over Sam Bankman-Fried and new accusations are pouring. Now one question remains open — can he get out of this situation? In the past, the court placed the businessman under house arrest with a bail of $ 250 million.
Moreover, the trial of him should start in October 2023. At present, Bankman-Fried has not pleaded guilty to any charges against him. But if potential offenses are proven, then the entrepreneur faces a prison term of 115 years.
Earlier, Crypto.ru reported: experts from the Federal System noted the systemic liquidity risks that credit organizations may face when using digital assets. Economists focused on the fact that cryptocurrencies have increased volatility, and therefore bank deposits during an unstable market situation will experience liquidity problems.
