Embattled crypto guru Sam Bankman-Fried signed off on bribing at least one Chinese government official with $40 million to get access to accounts that had been frozen by the Chinese government, fed…
paid a $40 million bribe to at least one Chinese government official to get access to accounts that had been frozen by Beijing, federal prosecutors alleged Tuesday.
Details of the 2021 bribe were included in a new indictment against Bankman-Fried – the former head ofThe feds allege the shaggy-haired accused fraudster sought to“Samuel Bankman-Fried aka ‘SBF’ authorized and directed a bribe of at least $40 million to one or more Chinese government officials,” the indictment states.
“The purpose of the bribe was to influence and induce one or more Chinese government officials to unfreeze certain Alameda trading accounts containing over $1 billion in cryptocurrency, which had been frozen by Chinese authorities,” it adds. Sam Bankman-Fried signed off on bribing at least one Chinese government official with $40 million, federal prosecutors alleged Tuesday.28-year-old Caroline Ellison was Bankman-Fried’s associate and the former CEO of Alameda Research.The bribe was successful and Bankman-Fried and his cohort gained access to the accounts, a spokesperson for the US Attorney’s Office said. , conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act.
Bankman-Fried was arrested in December and hit with a slew of charges for allegedly defrauding investors and customers of his two cryptocurrency companies.Details of the 2021 bribe were included in a new indictment against Bankman-Fried, the former head of FTX.and hit with a slew of charges for allegedly defrauding investors and customers of his two cryptocurrency companies and for commingling funds between the two entities.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTX founder Sam Bankman-Fried tried to bribe Chinese officials, prosecutors say | CNN BusinessFederal prosecutors tacked on a 13th criminal charge against Sam Bankman-Fried, accusing the FTX co-founder of bribing 'one or more' Chinese government officials with $40 million.
Read more »
Sam Bankman-Fried Faces New U.S. Indictment Over Chinese Bribery ChargeJUST IN: U.S. prosecutors have unveiled a new indictment against SBF_FTX, charging him with bribing Chinese government officials. nikhileshde reports
Read more »
Sam Bankman-Fried charged with bribing Chinese officials: Court docsSBF is in hot waters once again! The former FTX CEO is facing a new 13-count indictment from authorities in the United States.
Read more »
Sam Bankman-Fried Charged With Bribing Chinese OfficialsProsecutors have accused FTX founder Sam Bankman-Fried of conspiring to bribe Chinese government officials in a new indictment on Tuesday.
Read more »
Sam Bankman-Fried allegedly bribed one Chinese official with $40 millionAfter Chinese authorities froze several Alameda accounts worth more than $1 billion, Bankman-Fried directed an employee to make bribery payments to at least one government official there, an indictment says.
Read more »
FTX founder Sam Bankman-Fried charged with bribing Chinese government officials: court documentSam Bankman-Fried, former FTX CEO, is facing new charges according to a March 28 court documents
Read more »