Sam Bankman-Fried hit with four new criminal charges

Sam Bankman-Fried has already pleaded not guilty to defrauding customers and investors.FTX filed for bankruptcy last year, leaving many users unable to withdraw their funds.

Mr. Bankman-Fried now faces a total of 12 criminal charges. A spokesman for Mr. Bankman-Fried declined to comment. Regarding the latest charges, prosecutors accused Mr. Bankman-Fried of conspiring with two other former FTX executives to donate tens of millions of dollars to influence US politicians to pass laws favorable to the company.

The donations were allegedly made through “straw” donors or with corporate funds, allowing Mr. Bankman-Fried to evade contribution limits, prosecutors said.