<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.</div>



<p class="has-drop-cap">In a new indictment by Federal prosecutors in Manhattan, former FTX CEO Mr. Samuel Bankman-Fried (SBF) was accused of conspiring to <a aria-label="bribe Chinese government officials (opens in a new tab)" href="https://www.reuters.com/legal/ftxs-bankman-fried-charged-with-bribery-conspiracy-new-indictment-2023-03-28/" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">bribe Chinese government officials</a> with over $40 million in cryptocurrency. According to the prosecutors, SBF bribed Chinese officials to unfreeze accounts belonging to Alameda Research, which held $1 billion worth of crypto.</p>



<h3 id="charges-against-sbf-continue-to-mount">Charges Against SBF Continue to Mount</h3>



<p>The latest indictment comes just a month after the New York federal court unveiled four new criminal charges against SBF. Among other things, the billionaire was accused of commodities fraud and making illicit political contributions, including hundreds of donations he allegedly directed in violation of federal campaign finance laws. <a aria-label="According to CNBC (opens in a new tab)" href="https://www.cnbc.com/2023/02/23/ftx-founder-sam-bankman-fried-hit-with-new-criminal-charges.html" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">According to CNBC</a>, SBF could face another 40 years in prison if convicted of these charges.</p>



<p>The indictment also charged SBF with stealing customer deposits at FTX and using <a href="https://tokenist.com/ftx-lent-billions-worth-of-user-funds-to-alameda-research-report/" rel="dofollow" class="deco-link">billions of dollars of stolen user funds</a> to fuel the operations of FTX and its sister trading firm Alameda Research. In addition, he also used these funds to finance speculative investments and charitable contributions, as well as to enrich himself.</p>



<p><a href="https://tokenist.com/bahaman-authorities-arrest-sam-bankman-fried/" rel="dofollow" class="deco-link">SBF was arrested</a> on Dec. 12, 2022, by the Bahaman police authorities. Before recent indictments, SBF already stood accused of multiple counts of fraud, money laundering, and other criminal charges by the US Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), and the Department of Justice (DoJ).</p>



<p>The co-founder of the <a href="https://tokenist.com/ftx-files-for-bankruptcy-sbf-to-step-down-as-ceo/" rel="dofollow" class="deco-link">collapsed FTX</a> exchange pleaded not guilty to the previous eight counts over one of the biggest financial frauds on record.</p>


<div class="cta-referral">

			<img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async">
	
	<div class="cta-referral__text">
		<p>Join our <a href="https://t.me/thetokenist" target="_blank" rel="noreferrer noopener nofollow">Telegram group</a> and never miss a breaking digital asset story.</p>

	</div>

</div>


<h3 id="sbf-lawyers-agree-on-new-bail-conditions-with-prosecutors">SBF Lawyers Agree on New Bail Conditions With Prosecutors</h3>



<p>On Monday, Reuters reported that SBF’s lawyers came to a <a aria-label="new bail agreement (opens in a new tab)" href="https://www.reuters.com/legal/sam-bankman-fried-prosecutors-reach-new-bail-agreement-2023-03-28/" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">new bail agreement</a> with US prosecutors, allowing the former billionaire to stay home while restricting him from using some electronic devices and apps. The new conditions, yet to be approved, came after the judge raised the possibility of sending SBF to jail pending trial.</p>



<p>The new conditions would prevent SBF from using a smartphone with internet access and any apps apart from voice calls and text messaging. It would also require the former FTX boss to use a basic laptop with limited features and monitoring software to keep track of his activity.</p>


<div class="cta-sub js__cta-sub">

	<div class="cta-sub__start" data-step="1">

					<div class="cta-sub__title"><strong>Finance is changing.</strong></div>
							<div class="cta-sub__subtitle">Learn how, with Five Minute Finance.</div>
							<div class="cta-sub__excerpt">A weekly newsletter that covers the big trends in FinTech and Decentralized Finance.</div>
							<button type="button" class="btn">Try it out (for free)</button>
			</div>

	<div class="cta-sub__form" data-step="2" style="display: none;">
									<script type="text/javascript"
						src="https://app.getresponse.com/view_webform_v2.js?u=QcLhh&#038;webforms_id=hpcwd"></script>
						</div>

	<div class="cta-sub__result" data-step="3" style="display: none;">
		<div class="cta-sub__title">Awesome</div>
		<div class="cta-sub__caption">You&#8217;ve subscribed.</div>
		<div class="cta-sub__greeting">You&#8217;re well on your way to being in the know.</div>
	</div>

</div>



<p><em><strong>Do you think SBF will be found guilty of conspiring to bribe Chinese officials? Let us know in the comments below.</strong></em></p>
<p>The post <a rel="nofollow" href="https://tokenist.com/sbf-charged-with-paying-40m-in-bribes-to-chinese-officials/">SBF Charged with Paying $40M in Bribes to Chinese Officials</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

SBF Charged with Paying $40M in Bribes to Chinese Officials

Table of Contents

Tokenist

Egyéb ezen a dátumon (2023. márc. 28.) megosztott cikkek

Connect More, Earn More: WiFi Map Plans to Shake up Web3

MILC PLATFORM PARTNERS KINETIX

G7 Nations to Work Towards Strict Global Cryptocurrency Laws

Boli and PARSIQ Collaborate to Boost Maldives’ Digital Landscape with Blockchain Technology

FTX Ex-CEO SBF Reaches Agreement on Revised Bail Terms With Prosecutors

KuCoin Community Chain Launches Its Exclusive Upgrade KCC V1.3.0 on Testnet

Join our free newsletter for daily crypto updates!