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Tribune News Service
Tribune News Service
National
Bob Van Voris

Bankman-Fried fraud indictment cites 2 unnamed co-conspirators

Fresh charges against FTX co-founder Sam Bankman-Fried include references to a pair of co-conspirators the U.S. says were involved in illegally seeking to influence the regulation of digital assets.

Bankman-Fried is accused of a massive fraud that led to last year’s implosion of the cryptocurrency exchange. The new charges refer to two unidentified people the government says participated in the alleged illegal campaign finance scheme.

In addition to Bankman-Fried himself, Ryan Salame, former co-chief executive officer of FTX Digital Markets, and Nishad Singh, FTX’s former director of engineering, were among the largest political donors in the FTX universe. Together they gave $70.5 million in the 2022 midterm elections. Bankman-Fried previously donated $5.6 million in the election cycle.

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