Federal prosecutors filed a new indictment against former FTX chief executive officer Sam Bankman-Fried, accusing him of spending over $100 million in stolen customer funds on political donations. The new charging document is a superseding indictment, meaning it builds upon the previous indictments already faced by Bankman-Fried. Yahoo financial Legal Reporter Alexis Keenan explains the latest breakdown on August 15, 2023.
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