{"id":377323,"date":"2023-02-23T12:51:03","date_gmt":"2023-02-23T17:51:03","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=377323"},"modified":"2023-02-23T12:51:03","modified_gmt":"2023-02-23T17:51:03","slug":"sam-bankman-fried-charged-with-conspiracy-to-make-unlawful-political-donations-and-defraud-the-federal-election-commission","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/sam-bankman-fried-charged-with-conspiracy-to-make-unlawful-political-donations-and-defraud-the-federal-election-commission","title":{"rendered":"Sam Bankman-Fried Charged with Conspiracy to Make Unlawful Political Donations and Defraud the Federal Election Commission"},"content":{"rendered":"<p><span style=\"font-weight: 400\"><a href=\"https:\/\/ftx.com\">FTX<\/a> co-founder, Sam Bankman-Fried (SBF), has now been charged with four additional criminal conspiracies in a superseding indictment. Among the new charges is a conspiracy to make illegal political donations and defraud the Federal Election Commission.&nbsp;<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><b>What: <\/b><span style=\"font-weight: 400\">Sam Bankman-Fried has been charged with a conspiracy to make illegal political donations and defraud the Federal Election Commission.&nbsp;<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Why:<\/b><span style=\"font-weight: 400\">&nbsp; According to an indictment filed in a New York Federal court, Fried violated federal campaign finance laws by donating more than $25,000 limit to political campaigns.&nbsp;<\/span><\/li>\n<li style=\"font-weight: 400\"><b>What Next:<\/b><span style=\"font-weight: 400\"> Fried faces 12 charges and is set to face trial this October.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">According to a new indictment unsealed in a New York federal court today, Fried donated more than&nbsp; $25,000 annually to candidates from 2020 to November 2022. The amount is more than the limit. It is also illegal for donors to make more donations under different names. Fried allegedly agreed to make corporate donations to candidates and committees in the Southern District of New York that were reported under a different individual&rsquo;s name.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">The document also details how Fried donated to a pro-LGBTQ political action committee (PAC) using the names of two executives. Former FTX executive Nishad Singh donated $1.1 million to the LGBTQ Victory Fund Federal PAC. The PAC is an independent policing body responsible for enforcing federal campaign finance law in the U.S. Additionally,&nbsp; <a href=\"https:\/\/insidebitcoins.com\/news\/sbfs-alameda-issues-started-long-before-crypto-crash\">internal documents from Alameda<\/a>, a company owned by Fried, showed that the company made over $100 million in political contributions. However, FEC records show that Alameda did not make any political contributions to candidates or PACs for the 2022 midterm elections. <\/span><\/p>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Smog (SMOG) - Meme Coin With Rewards<\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div class=\"inContentProviderSingle--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\">Rating<\/p>\n                                                <div class=\"rating--star-container\">\n                                                    <div class=\"rating--star\" style=\"width: 100%;\"><\/div>\n                                                <\/div>\n                                            <\/div>\n                                        <\/div>\n                                    <\/div><!--\/.col-md-4-->\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img mb-3\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/02\/smog-token.svg\" alt=\"Smog token\" width=\"125\" height=\"60\">\n                                    <\/div>\n\n                                    <div class=\"col-12 col-md-8\">\n                                                                                    <ul class=\"inContentProviderSingle--list\">\n                                                                                                    <li>Airdrop Season One Live Now<\/li>\n                                                                                                    <li>Earn XP To Qualify For A Share Of $1 Million<\/li>\n                                                                                                    <li>Featured On Cointelegraph<\/li>\n                                                                                                    <li>Staking Rewards - 42% APY<\/li>\n                                                                                                    <li>10% OTC Discount - smogtoken.com<\/li>\n                                                                                            <\/ul><!--\/.inContentProviderSingle--lis-->\n                                                                            <\/div>\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-4 d-none d-sm-none d-md-block d-lg-block\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img float-right\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/02\/smog-token.svg\" alt=\"Smog token\" width=\"125\" height=\"60\">\n                                    <\/div>\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <div class=\"col-12 text-center\">\n                                        <div class=\"inContentProviderSingle--button\">\n                                                                                        <a href=\"https:\/\/insidebitcoins.com\/visit\/smog\" title=\"Start Trading\" rel=\"nofollow\">Visit Site<\/a>\n                                        <\/div>\n                                        <div class=\"inContentProviderSingle--disclaimerText\">\n                                                                                    <\/div>\n                                    <\/div>\n                                <\/div><!--\/.row-->\n                            <\/div><!--\/.container-->\n                        <\/div><!--\/.inContentProviderSingle--wrapper-->\n                    <\/div><!--\/.inContentProvider--single-->\n                            \n            \n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">FTX co-founder, Sam Bankman-Fried (SBF), has now been charged with four additional criminal conspiracies in a superseding indictment. Among the new charges is a conspiracy <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1907,"featured_media":377329,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1],"tags":[13247,13248],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.8 (Yoast SEO v21.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sam Bankman-Fried Charged with Conspiracy to Make Unlawful Political Donations and Defraud the Federal Election Commission - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"Sam Bankman-Fried has been charged with conspiracy for his role in a scheme to make unlawful political donations. 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