Defunct FTX Founder Indicted on Bribery ChargesApril 03, 2023 at 09:05 AM EDT
U.S.federal prosecutors have charged FTX founder Sam Bankman-Fried in a new arraignment with conspiracy to bribe Chinese government officials with $40 million in payments. The new charge, which brings Bankman-Fried’s total charges to 13, accuses him of conspiring to break the FCPA, an act that prohibits U.S. citizens from bribing foreign officials to gain business. Manhattan prosecutors accused Bankman-Fried of ordering the transaction to be made to defrost accounts that belonged to Alameda Research, his hedge fund, which the Chinese government had frozen. According to federal prosecutors, the accounts contained crypto worth more than… About CryptoCurrencyWire CryptoCurrencyWire (“CCW”) is a financial news and content distribution company that provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets, (3) enhanced press release services to ensure maximum impact, (4) social media distribution via IBN (InvestorBrandNetwork) to nearly 2 million followers, and (5) a full array of corporate communications solutions As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness. CCW is where news, content and information about crypto converge. To receive instant SMS alerts from CryptoCurrencyWire, text “CRYPTO” to 844-397-5787 (U.S. Mobile Phones Only) For more information, please visit https://www.cryptocurrencywire.com Please see full terms of use and disclaimers on the CryptoCurrencyWire website applicable to all content provided by CCW, wherever published or re-published: https://CCW.fm/Disclaimer CryptoCurrencyWire (CCW) CryptoCurrencyWire is part of the InvestorBrandNetwork. More NewsView More
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