Posted BY: Teresa | NwoReport
(Natural News) FTX founder and serial liar Sam Bankman-Fried has been arrested by Bahamian authorities under a joint operation with the Southern District of New York (SDNY) U.S. District Court in Manhattan which has leveled multiple criminal charges against Bankman-Fried. He is expected to be extradited quickly to face prosecution in the United States.
Those charges were unsealed today and reveal that SBF is facing wire fraud, securities fraud, money laundering and campaign finance violations, reports CNBC: (emphasis ours)
Prosecutors allege in the indictment that the former billionaire was engaging in criminal activity that began as far back as 2019 and continued through last month.
Bankman-Fried deliberately and knowingly “agreed with others to defraud customers of FTX.com by misappropriating those customers’ deposits and using those deposits to pay expenses and debts of Alameda Research,” the indictment alleges.
It also accuses Bankman-Fried of conspiring with others to defraud FTX’s lenders “by providing false and misleading information to those lenders regarding Alameda Research’s financial condition.”
Prosecutors also allege he conspired with others to make illegal donations to political candidates, using the names of other persons to mask and augment political giving.
SBF was the second largest individual donor to Democrats in the 2022 campaign, right behind George Soros. The bankruptcy of FTX and the criminal charges now leveled have shut down a slush fund money operation that primarily benefited Democrats and was instrumental in funding the campaigns of Katie Hobbs, John Fetterman and others. (GOP Senate Minority Leader Mitch McConnell, meanwhile, withdrew funding from Blake Masters in Arizona, in an apparent effort to de-fund all “America First” candidates.)