Sam Bankman-Fried charged with conspiracy

Four new charges have arisen over Sam's possible conspiracy to illegally finance US political parties.

New court documents show that former FTX CEO Sam Bankman-Fried is accused of conspiring to make over 300 illegal donations to electoral campaigns.

That is, he is accused of so-called "straw donations." This is when someone takes someone else's money and donates it to political campaigns on their behalf. This is illegal in the US.

From the document (here is a link to it):

“The money used to make these political donations originated from Alameda bank accounts, and included funds that had been deposited by FTX customers. Notwithstanding his awareness of the campaign finance laws, in order to conceal the true source of the funds, the defendant agreed with others that funds for contributions would be transferred from Alameda’s bank accounts, which also contained FTX customer funds, to bank accounts in the name of the donors, and then quickly transferred from those individuals’ bank accounts to political campaigns.”

So, based on the new charges, Sam even buttered up politicians with his clients' money :D. 

We'll see if these charges turn out to be "inflated," but in any case, we hope that justice will prevail.