FTX’s Sam Bankman-Fried faces new charges in updated indictment

FTX founder Sam Bankman-Fried faced new fraud charges Thursday, as prosecutors accused him of cheating thousands of investors out of billions of dollars while casting himself as a trustworthy “savior of the cryptocurrency industry” – an image boosted by celebrity-studded Super Bowl advertising and big donations to political figures.

New charges, including securities fraud and conspiracy fraud counts, were unveiled with the unsealing of the refreshed indictment in Manhattan federal court.