To further their criminal case against disgraced FTX co-founder Sam Bankman-Fried, U.S. authorities have filed a superseding indictment in New York federal court.
The megadonor to the Democrats is allegedly facing charges of securities fraud, conspiracy to conduct bank fraud, and running an unlawful money-transfer organization, as reported by the Financial Times.
The ex-billionaire was charged with 12 federal crimes, then on Thursday morning, further charges were added to the indictment.
Accused of eight offenses in December 2022, Bankman-Fried was promptly extradited from the Bahamas.
According to the FT, two of Bankman-former Fried’s former employees, Caroline Ellison, director of FTX’s trading subsidiary Alameda, and Gary Wang, co-founder of FTX, testified in support of the new charge sheet.
These last two pled guilty in December and have promised to help U.S. investigators.
All of the first accusations against Bankman-Fried have been refuted by him. The trial will take place in October 2023.
According to the 39-page document, Bankman-Fried posted “a series of misleading and deceptive tweets” in the days after the November discovery of a hole in the cryptocurrency exchange’s balance sheet.
It further claims that Bankman-Fried tried to purchase political influence by dumping millions of dollars into election campaigns.
The second indictment against Bankman-Fried was unsealed in the same Manhattan federal court as the original one was filed.
United States Attorney for the Southern District of New York Damian Williams stated, “We are hard at work and will continue so until justice is done,” in response to questions about the fresh indictment.