FTX’s Bankman-Fried faces new charges in updated indictment

KIFI

Published February 23, 2023 8:22 AM

By LARRY NEUMEISTER
Associated Press

NEW YORK (AP) — FTX founder Sam Bankman-Fried faces additional fraud charges in a rewritten indictment that was unsealed in New York federal court. The new charges were included in an updated indictment unveiled Thursday. It wasn’t known when Bankman-Fried would return to Manhattan for an arraignment. He has already pleaded not guilty to charges that he cheated investors out of billions of dollars and looted customer deposits at FTX, his cryptocurrency platform. Bankman-Fried is free on a $250 million personal recognizance bond. The bail arrangement allows him to live with his parents in Palo Alto, California.

Article Topic Follows: AP National Business

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