8-count indictment unsealed against Bankman-Fried
The eight-count indictment from the Southern District of New York charges Sam Bankman-Fried with conspiracy and fraud.
The indictment also said Bankman-Fried provided false and misleading information to lenders about the true financial condition of Alameda, his privately held crypto hedge fund.
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There's a final count of conspiracy to violate campaign finance laws through political donations that concealed the source and exceeded the permissible amount.
"In or about 2022, Samuel Bankman-Fried, the defendant, and one or more other conspirators agreed to and did make corporate contributes to candidates and committees in the Southern District of New York that were reported in the name of another person," the indictment said.
Federal prosecutors were expected to elaborate on the charges at an afternoon news conference in Manhattan.