A superseding indictment against Sam Bankman-Fried (SBF) has been filed in the Southern District of New York (SDNY), newly charging him with conspiracy to commit bank fraud, conspiracy to operate an unlicensed money-transmitting business, commodities fraud, and securities fraud.
This is an addition to the មានស្រាប់ conspiracy to commit money laundering, conspiracy to make unlawful political contributions, wire fraud, and conspiracy charges.
The indictment describes how Bankman-Fried allegedly stole FTX customer deposits to support the operations and investments of FTX and Alameda and to fund speculative venture investments. It also claims he used the funds to enrich himself and to try to purchase influence over cryptocurrency regulation.
This was to be done by steering tens of millions of dollars of illegal campaign contributions to both Democrats and Republicans.
The document also describes how SBF used Alameda-controlled bank accounts to provide deposits and withdrawals for FTX customers. The banks were allegedly never informed that these accounts were being used for FTX customers.
Protos has previously reported on Alameda’s purchase of Australian over-the-counter (OTC) trading desk, HiveEx, in August 2020 and how it was used to service deposits and withdrawals for FTX.