SBF charged with hundreds of illegal campaign donations

Disgraced FTX founder Sam Bankman-Fried was charged on Thursday with 12 new counts, including illegally making over 300 political contributions to the tune of tens of millions of dollars through straw donors and using corporate funds.

"Bankman-Fried's use of straw donors allowed him to evade contribution limits on individual donations to candidates to whom he had already donated," reads the indictment, which adds that the "fraudulent conduct" impaired the FEC's functioning.

"In dozens of instances, BANKMAN-FRIED's use of straw donors allowed him to evade contribution limits on individual donations to candidates to whom he had already donated."

"As a result of this fraudulent conduct," SBF and his co-conspirators caused false information to be reported by campaigns and PACs to the FEC."

New: superseding indictment charges Sam Bankman-Fried with 12 counts, includes new details about alleged campaign donation fraud.

SBF and cohort made more than 300 donations totaling tens of millions of dollars, feds allege ---> pic.twitter.com/XM9niJAcBZ

— Ben Feuerherd (@benfeuerherd) February 23, 2023