Sam Bankman-Fried, a crypto FTX scammer and prominent Democrat, was hit with a superseding indictment on Monday.
He is accused of using stolen customer funds to make over $100 million in campaign donations ahead of the 2022 midterm elections.
According to Reuters, Bankman-Fried faces seven counts of conspiracy and fraud in connection with the collapse of his FTX exchange. Last Friday, he was arrested for witness tampering.
The 31-year-old allegedly funded the midterms through his Ponzi scheme created through FTX.
It is being reported that up to $2 billion has gone unaccounted for after the collapse of FTX, a company linked to Sam Bankman-Fried, one of President Biden’s most significant donors.
Evidence suggests that money was routed through Ukraine and used to support the Democratic Party.
The Federal government recently dismissed a campaign finance charge against the crypto scammer and Democrat donor due to a ‘procedural failing.’
Sam Bankman-Fried, however, is still facing wire fraud and securities fraud charges in connection with FTX’s work in Ukraine, which reportedly funneled millions of dollars back to corrupt politicians in the United States.