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Bankman-Fried charged with bribing Chinese officials

Source: afr.com afr.com
News Snapshot:

The mounting charges against Bankman-Fried, 31, not only add years to the potential prison time he faces if convicted but also could put more pressure on him to take a guilty plea. A spokesperson for Bankman-Fried did not have an immediate comment on the newest charge. Bankman-Fried was freed after posting bail but is confined to his parents’ home in Palo Alto, California. Federal prosecutors in Manhattan filed the first set of criminal charges against Bankman-Fried in December, a month after the big cryptocurrency exchange collapsed into bankruptcy. The top charge facing Bankman-Fried is that he misappropriated billions of dollars…

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