FTX co-founder Sam Bankman-Fried faces four new criminal charges

FTX co-creator Sam Bankman-Fried (aka SBF) is now dealing with four new charges over the collapse of his crypto exchange. A newly unsealed indictment in a New York federal court accuses SBF of fraudulent activity through both FTX and a linked hedge fund. The co-founder also allegedly violated federal campaign finance laws by making secret political donations using the names of two executives.

The expanded charges now include 12 counts. A source speaking to CNBC claims the additional allegations could lead to an additional 40 years in prison if SBF is convincted.



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