{"id":19231,"date":"2023-03-28T18:14:58","date_gmt":"2023-03-28T18:14:58","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/former-ftx-ceo-sam-bankman-fried-faces-new-bribery-charges-for-alleged-crypto-payment-to-chinese-officials-bitcoin-news\/"},"modified":"2023-03-28T18:14:58","modified_gmt":"2023-03-28T18:14:58","slug":"former-ftx-ceo-sam-bankman-fried-faces-new-bribery-charges-for-alleged-crypto-payment-to-chinese-officials-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/former-ftx-ceo-sam-bankman-fried-faces-new-bribery-charges-for-alleged-crypto-payment-to-chinese-officials-bitcoin-news\/","title":{"rendered":"Former FTX CEO Sam Bankman-Fried Faces New Bribery Charges for Alleged Crypto Payment to Chinese Officials \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Sam Bankman-Fried (SBF), the former CEO of FTX, now faces a 13-count indictment as U.S. officials have added new charges. One of the new charges alleges that SBF leveraged $40 million to influence \u201cone or more Chinese government officials.\u201d<\/strong><\/p>\n

Details of the Bribery Charges Against Sam Bankman-Fried<\/h2>\n

Sam Bankman-Fried<\/a> (SBF), the co-founder and former CEO of FTX, now faces charges of bribing Chinese government officials. \u201cBankman-Fried and others agreed to pay cryptocurrency to one or more foreign officials in China to influence and induce them to unfreeze the accounts in order to assist Bankman-Fried, Alameda, and others in obtaining and retaining business for, and directing business to, Bankman-Fried, Alameda, and others,\u201d the revised indictment<\/a> states.<\/p>\n

This is not the first time SBF\u2019s indictment has been revised. In February 2023, Bitcoin.com News reported<\/a> that SBF\u2019s indictment was revised to include bank fraud charges. SBF faces other charges as well, including defrauding the Federal Election Commission (FEC), wire fraud, and securities fraud. The former FTX CEO has pleaded not guilty to the charges, but three of the firm\u2019s top deputies have pleaded guilty and are cooperating<\/a> with federal prosecutors.<\/p>\n

The revised filing indicates that Chinese officials reportedly seized two accounts owned by Alameda Research, SBF\u2019s quantitative trading arm, which were allegedly held on \u201ctwo of China\u2019s largest crypto exchanges\u201d in 2021. Once again, the revised indictment does not include any other defendants, and Sam Bankman-Fried is the only individual named.<\/p>\n

With the addition of bank fraud charges last month and newly added bribery charges, SBF now faces a total of 13 charges from the Department of Justice in New York. He also faces lawsuits filed by the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).<\/p>\n

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Alameda Research<\/a>, Bank Fraud<\/a>, bribery<\/a>, CFTC<\/a>, Charges<\/a>, Chinese officials<\/a>, Compliance<\/a>, Corruption<\/a>, criminal charges<\/a>, criminal proceedings<\/a>, Cryptocurrency<\/a>, cryptocurrency exchanges<\/a>, cryptocurrency industry<\/a>, Cryptocurrency Payments<\/a>, Digital Assets<\/a>, Digital Currency<\/a>, Financial crime<\/a>, financial misconduct<\/a>, Financial Regulation<\/a>, financial wrongdoing<\/a>, ftx<\/a>, government officials<\/a>, guilty pleas<\/a>, indictment<\/a>, international bribery<\/a>, Investigations<\/a>, legal action<\/a>, legal case<\/a>, legal consequences<\/a>, Money Laundering<\/a>, quantitative trading<\/a>, regulatory oversight<\/a>, Sam Bankman-Fried<\/a>, sbf<\/a>, SEC<\/a>, securities fraud<\/a>, US Department of Justice<\/a>, Virtual Currency<\/a>, Wire Fraud<\/a><\/div>\n<\/div>\n

What do you think about the new charges SBF faces? Let us know your thoughts in the comments section below.<\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons, J.K2507 \/ Shutterstock.com<\/em><\/p>\n

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