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New York federal prosecutors unsealed an indictment against fallen crypto king and FTX founder Sam Bankman-Fried on Tuesday, outlining what they allege was “one of the biggest financial frauds in American history.”
The eight-count indictment included charges of wire fraud, conspiracy to commit money laundering, and conspiracy to commit securities fraud.
It also accused Bankman-Fried of using the names of other people to make tens of millions of dollars in illegal campaign contributions to both Democrats and Republicans, U.S. Attorney for Southern District of New York Damian Williams said at a press conference.