In a superseding indictment filed in the United States District Court for the Southern District of New York on February 22, US Attorney Damian Williams argued that Bankman-Fried’s actions in the matter involving FTX and Alameda warranted 12 counts. According to the indictment, they include:
- Conspiracy to commit wire fraud against FTX clients
- Wire Fraud on FTX Clients
- Conspiracy to commit fraud against FTX clients in connection with the trading of derivatives
- Fraud of FTX clients in connection with the trading of derivatives
- Conspiracy to commit securities fraud against investors in FTX
- Securities Fraud on FTX Investors
- Conspiracy to commit wire fraud against Alameda Research lenders
- Alameda Research Lender Wire Fraud
- Conspiracy to commit bank fraud
- Conspiracy to operate an unlicensed money transfer business
- Conspiracy to commit money laundering
- Conspiracy to make illegal political contributions and defraud the FEC
The original indictment against Bankman-Fried, announced on December 13, it included eight similar charges without breaking down the individual charges for the former CEO’s alleged actions at both FTX and Alameda. At the time, prosecutors also included among their charges conspiracy to commit commodity fraud, which apparently fell under the overlapping indictment related to “buying and selling derivatives” at FTX.
Bankman-Fried’s criminal trial in federal court is scheduled to begin in October, while FTX’s bankruptcy case is ongoing in the US Bankruptcy Court for the District of Delaware.. Former Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang pleaded guilty to similar charges to SBF in a December plea deal and could testify in their case.
The federal judge presiding over the case of former FTX CEO Sam Bankman-Fried has ordered the unsealing of a superseding indictment containing 12 criminal counts.
This story is in development and will be updated.
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