The District Attorney’s Office in Southern New York (Manhattan) in the last day filed a full and amended indictment against the founder of the world’s second largest crypto exchange, FTX, which went bankrupt last November, and added four more charges to him in addition to the eight that were already in the previous version. SBP is now also accused of conspiring and committing fraud in securities and commodities, both through the Internet and by other means, and several violations of political campaign contribution laws. The total sentence for all 12 counts in the amended indictment is 155 years – 40 years more than the previous indictment and five years more than the 150 years of imprisonment sentenced to the swindler Bernie Madoff (which might justify a Twitter tag similar to “#Yotar_Mbucharis”, which became widespread in Israel after the officer received a ridiculous sentence for serious charges) – and if SVP starts serving his prison term at the age of 31 (i.e. : in the coming year), and will be cut by a third, he will be released from prison at the age of 135. However, it is likely that he will not receive the maximum sentence, and will be released from prison at an age when he can have a son or two.
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According to the updated indictment, SVP attempted “to gain influence over cryptocurrency regulation in Washington, D.C. by directing millions of dollars in illegal campaign contributions, both Democratic and Republican.” He donated at least $70 million to candidates from both parties, to gain their loyalty and influence their decisions on legislative matters related to the crypto market. To circumvent various prohibitions on donations in the US, most of the donations were given on behalf of other senior members of the company, including his partner Alison Wang, his deputy Gary Wang, his associate Nishad Singh, FTX Global Markets CEO Ryan Salami who was the straw man For donations to Republicans and more. A total of more than 300 donations were made to campaigns during the midterm elections held last November.