FTX founder Bankman-Fried charged with paying $40M bribe

Published March 28, 2023 7:35 AM

By LARRY NEUMEISTER
Associated Press

NEW YORK (AP) — A new indictment charges FTX founder Sam Bankman-Fried with directing $40 million in bribes to one or more Chinese officials to unfreeze assets relating to his cryptocurrency business. The rewritten indictment unsealed Tuesday adds a charge of conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act. It is the 13th charge facing Bankman-Fried as he awaits trial in New York while staying with his parents in Palo Alto, California. He has already pleaded not guilty to charges that he cheated investors out of billions of dollars before his business collapsed last year. He was arrested in December.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KION 46 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.