FTX founder Bankman-Fried charged for embezzling customer funds

  • Bankman-Fried is accused of using stolen customer funds to donate over $100 million to campaigns in 2022 U.S. midterm elections.
  • The former billionaire faces seven charges including fraud and conspiracy linked to the collapse of FTX exchange.
  • Despite earlier violation of campaign finance law charges being dropped, prosecutors plan to assert the illegal campaign finance scheme in a new indictment.
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