Four new charges have been brought against Sam Bankman-Fried

Sam Fried Bankman

Four new criminal charges have been brought against the former CEO of the defunct cryptocurrency exchange FTX, accusing him of conspiring to launder money fraudulently and to make unauthorized political contributions.

Sam Bankman-Fried has already entered a no contest plea to defrauding investors and customers.

Many users were unable to withdraw their money after FTX declared bankruptcy last year.

There are currently 12 criminal charges against Mr. Bankman-Fried.

Mr. Bankman-Fried's spokesman chose not to respond to questions.

Regarding the most recent accusations, prosecutors claimed that Mr. Bankman-Fried had planned to donate tens of millions of dollars along with two other former FTX executives in order to persuade US lawmakers to pass laws that would benefit the company.

According to the prosecution, Mr. Bankman-Fried was able to avoid contribution limits because the donations were allegedly made through "straw" donors or with corporate funds.

They asserted that Mr. Bankman-Fried instructed one executive to support Republican candidates while instructing the other to support left-leaning candidates. Many of these donations were allegedly made with money from FTX customers as well as his hedge fund, Alameda Research.

Mr. Bankman-Fried has already entered a not guilty plea to charges that he used FTX customer deposits to support Alameda Research, purchase real estate, and give to political campaigns.

Following his arrest in December, he was freed after posting a $250 million (£208 million) bail.

However, if found guilty, he could spend more than 100 years in jail.

A trial date of October 2 was set by Judge Lewis Kaplan.

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