The Southern District of New York court has just uncovered eight charges against Sam Bankman-Fried as part of an investigation into the collapse of crypto trading platform FTX.
He has been accused of colluding with partners to defraud, misappropriate trading platform customer funds and use them to pay Alameda Research’s expenses and debts.
He has also been accused of money laundering and violation of US campaign finance laws. He allegedly made donations on behalf of others to bypass the $25,000 annual limit.
As a result of all these charges, Sam Bankman-Fried faces up to 115 years in prison.