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Sam Bankman-Fried funneled $100M stolen from customers into U.S. politics to bend crypto legislation: revised indictment

Posted on AllSides August 15th, 2023
From The Left

Ex-crypto executive Sam Bankman-Fried secretly funneled more than $100 million stolen from his customers into the U.S. political system to bend crypto legislation to his will, federal prosecutors said Monday in a revised indictment.

The embattled former billionaire — in custody at Brooklyn’s Metropolitan Detention Center since a judge revoked his $250 million bond Friday for alleged witness tampering — was accused anew of campaign finance corruption in a superseding indictment in his Manhattan case.

Prosecutors dropped a campaign contribution charge against Bankman-Fried to respect an extradition treaty with The Bahamas, where his company FTX was based....

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