In the latest 13-count indictment, prosecutors added a count for conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act, alleging that Bankman-Fried had engaged in the scheme to try to free up trading accounts of his other company, Alameda Research, that had been frozen in China. He leaned on executives at FTX to help direct political donations across both sides of the aisle, prosecutors alleged, saying that he did so in order to sway potential crypto industry regulation in his favor.
Prosecutors previously hit Bankman-Fried with a fleshed-out indictment in February, outlining their story of how the former crypto billionaire negotiated his status atop a crypto empire. It often indicates a user profile.īankman-Fried was in court Thursday to enter a plea on new charges unsealed this week, in which prosecutors had accused him of trying to bribe Chinese officials with more than $40 million in cryptocurrency in 2021. Account icon An icon in the shape of a person's head and shoulders.
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