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.
Join 2 million subscribers

A curated newsletter that summarizes the important news at the intersection of Global tech, India Tech and AI.

Delivered 8 AM. Daily.
nextbigwhat We would like to show you notifications for the latest news and updates.
Allow Notifications