Sam Bankman-Fried is facing more federal charges after the U.S. Attorney’s Office for the Southern District of New York filed a superseding indictment unsealed Thursday that could mean decades more prison time for the FTX founder if he is found guilty.
The new indictment — which is the third from the SDNY and replaces the prior two — adds four more counts to the eight charges Bankman-Fried was already facing in connection with the collapse of his cryptocurrency exchange. It also adds another potential forty years in prison on top of the 115 years the disgraced crypto titan was already looking at if convicted.
The additional charges include one count of conspiracy to operate an unlicensed money transmitting business, and one count of conspiracy to make unlawful political contributions and defraud the Securities and Exchange Commission (SEC).
Source: Sam Bankman-Fried hit with fresh indictment, more charges | Fox Business