Nassau, Bahamas/New York | US prosecutors accused Sam Bankman-Fried, the founder and former CEO of FTX, of fraud and violating campaign finance laws by misappropriating his customers’ funds, saying the investigation is ongoing and “moving very quickly”.
US Attorney Damian Williams in New York said Mr Bankman-Fried made illegal campaign contributions to Democrats and Republicans with “stolen customer money”, and said it was part of one of the “biggest financial frauds in American history”.
