Founder of failed crypto exchange FTX, Sam Bankman-Fried, will be held accountable for alleged campaign finance violations, U.S. prosecutors indicated on Tuesday. The charge was dropped earlier because the extradition treaty with the Bahamas prevents adding further charges without prior permission from the other side.
Sam Bankman-Fried to Be Charged With Campaign Finance Violations Next Week
A campaign finance charge will be incorporated into a superseding indictment against founder and former CEO of bankrupt crypto exchange FTX, Sam Bankman-Fried (SBF), next week, prosecutors made clear in a letter to a Manhattan federal judge on Aug. 8.
Following his extradition from the Bahamian capital Nassau last year, soon after FTX filed for bankruptcy protection in the U.S. in November, the crypto entrepreneur was hit with over a dozen charges, including fraud and bribery, to which he pleaded not guilty.
Among them were the allegations of campaign finance violations — Bankman-Fried was accuse
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