It’s been a while since we haven’t had to hear about what the frizzy-haired weirdo and alleged fraudster named Sam Bankman-Fried has been up to, but that nice little break is over. He had to get a hall pass to leave his mom and dad’s house long enough to buzz on out to the Big Apple to have four more federal charges dumped on him.
The superseding indictment unveiled Thursday slaps him with conspiracy to operate an unlicensed money transfer business to the other eight charges he has already pled not guilty to.
The specific language from the feds says the guy who bankrupted FTC “falsely represented his intentions to open a bank account and obtain customer funders for trading and market making, as well as knowingly controlled and supervised an unlicensed money transmitting business affecting interstate and foreign commerce.
The unsealed indictment revealed that SBF made political contributions in other people’s names to hide the fact that it was him. That’s illegal too. Back when SBF was flush with other people’s cash, he was making it rain for politicians, primarily Democrats, who received the great majority of the $39 million that he reported having spent. He was Joe Biden’s second-largest donor in the 2020 Presidential cycle and had four meetings at the White House with senior advisors before he ran FTX into the toilet.
With the court case over, he now has to head back to his house arrest at the ‘rent’s place in Palo Alto.
One interesting fact that isn’t widely known is that one of SBF’s lawyers is Mark Cohen, who previously defended Jeffrey Epstein’s confidant Ghislaine Maxwell.
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