Prosecutors have now charged ‘SBF’ with a litany of further charges, consisting of conspiracy to commit wire fraud on customers, wire fraud on customers, conspiracy to commit wire fraud on lenders, wire fraud on lenders, conspiracy to commit commodities fraud, conspiracy to commit securities fraud, conspiracy to commit money laundering and conspiracy to defraud the U.S. and violate campaign finance laws, the BBC reported today.

According to the DOJ indictment as reported by Coindesk, Bankman-Fried “agreed with others to defraud customers of FTX.com by misappropriating those customers’ deposits and using those deposits to pay expenses and debts of Alameda Research, Bankman-Fried’s proprietary crypto hedge fund, and to make investments.”

FTX collapse shows need for venture capital ‘correction’, says investment chief© Provided by City AM

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Reference: City AM: Story by Charlie Conchie