Crime & Safety

FTX Founder Sam Bankman-Fried Tried To Bribe Chinese Officials, Prosecutors Say

Bankman-Fried has already pleaded not guilty to eight criminal counts of fraud and conspiracy.

(CBS Bay Area)

March 29, 2023

NEW YORK - - Federal 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.

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The new indictment was unsealed by the Southern District Court of New York on Tuesday.

Bankman-Fried, who is out on a $250 million bond, has already pleaded not guilty to eight criminal counts of fraud and conspiracy, and has not yet been arraigned on five others.

Find out what's happening in Palo Altofor free with the latest updates from Patch.

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