Sam Bankman-Fried indicted again!

Sam Bankman-Fried Caught Bribing Chinese Govt

Democrat darling indicted again!

He donated $39 million primarily toward Democratic nominees during the 2022 midterm elections following his status as second largest donor for Biden’s 2020 campaign cycle. I don't believe any of these people gave the money back.

Sam Bankman-Fried, co-founder of FTX, was indicted on Tuesday by the U.S. Department of Justice for allegedly paying millions of dollars in bribes to a member of the Chinese communist government. It was discovered that Bankman-Fried had commingled customer and investor funds with sister trading company Alameda Research, resulting in several companies associated with him filing for bankruptcy late last year.

The new indictment alleges that Bankman-Fried “authorized and directed a bribe of at least $40 million to one or more Chinese government officials” in order to reclaim access to accounts containing over $1 billion worth of cryptocurrency which had been frozen by Chinese authorities. The purpose of the funds was said to be so that Bankman-Fried could use them “to assist [himself] and Alameda in obtaining and retaining business.”

The new count, which falls under the Foreign Corrupt Practices Act, brings to 13 the number of federal charges Bankman-Fried faces.

How long did this stupid 31 year old criminal think his crypto Ponzi scheme could continue? He's still running around loose living at his parents' home who put up the $250,000 bond.

Read about it...