(New York, NY) — Federal prosecutors say the former CEO of FTX and his partners stole billions of dollars from customers the last couple of years. Prosecutors in the Southern District of New York detailed the full charges levied against Sam Bankman-Fried. This on the day Bankman-Fried was supposed to testify before Congress, prompting some to question the timing of the arrest and filing–seeing this a a way to shut up the Democrat Mega-donor and failed crypto-CEO.
U.S. Attorney Damian Williams said the investigation into Bankman-Fried following the collapse of the crypto exchange “is very much ongoing, and it is moving very quickly.” Bankman-Fried faces eight charges including conspiracy to commit wire fraud on customers and conspiracy to commit money laundering. Prosecutors also allege campaign finance schemes that used customers’ money in an attempt to purchase bipartisan support. Bankman-Fried is in custody in the Bahamas after being arrested Monday.
