Sam Bankman-Fried Charged with Bribing China with $40 Million to Unfreeze Assets – SBF Now Linked to Scandals Involving Ukraine, China and the Democrats

From the cover of Forbes to bribing China with $40 million, FTX’s former CEO has done it all. 

The AP reported earlier today on an additional charge against FTX founder Sam Bankman-Fried (FTX).

FTX founder Sam Bankman-Fried was charged with directing $40 million in bribes to one or more Chinese officials to unfreeze assets relating to his cryptocurrency business in a newly rewritten indictment unsealed Tuesday.

The charge of conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act raises to 13 the number of charges Bankman-Fried faces after he was arrested in the Bahamas in December and brought to the United States soon afterward. The indictment was returned on Monday.

FTX filed for bankruptcy on Nov. 11, when it ran out of money after the cryptocurrency equivalent of a bank run. He has remained free on a $250 million personal recognizance bond that lets him stay with his parents in Palo Alto, California.

He has pleaded not guilty to charges that he cheated investors out of billions of dollars before his business collapsed.

SBF still stays at home on home arrest with his parents near the Stanford campus where they live.  The Clinton judge allowed SBF to stay at home after he was accused of one of the largest money frauds in US history.

Former FTX CEO Sam Bankman-Fried’s Bail Co-Signers Revealed – Heavy Affiliations with Stanford University and “Election Integrity”

TGP reported previously that FTX was involved in transactions in Ukraine.

Democrats’ “Newest Megadonor” Loses Billions As Crypto Exchange Fails — “Dot-Com Bust Level Event”

Bankman-Fried was, of course, arrested and extradited from the Bahamas after the FTX scandal.  The former crypto-CEO was the second largest donator to the Democratic Party while his associate was one of the strongest for the GOP.  Elon Musk at one pointed tweeted “His actual support of the Dem elections is probably over $1B.  The money went somewhere, so where did it go?”

FTX looked like a large money laundering operation for some time.  Maybe China wanted their piece. 

Dear Reader - The enemies of freedom are choking off the Gateway Pundit from the resources we need to bring you the truth. Since many asked for it, we now have a way for you to support The Gateway Pundit directly - and get ad-reduced access. Plus, there are goodies like a special Gateway Pundit coffee mug for supporters at a higher level. You can see all the options by clicking here - thank you for your support!
Photo of author
Joe Hoft is a Radio Host at TNTRadio.live, Author, Former International Corporate Executive in Hong Kong for a Decade, and a Contributor at TGP since 2016. Joe is the author of five books, including his new bestseller, "The Steal: Volume II - The Impossible Occurs" which addresses the stolen 2020 Election and provides an inventory of issues that prove that the 2020 Election was uncertifiable and never should have been certified for Joe Biden.

You can email Joe Hoft here, and read more of Joe Hoft's articles here.

 

Thanks for sharing!