FTX's Bankman-Fried faces new charges in updated indictment

NEW YORK (AP) — 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.

In a statement, U.S. Attorney Damian Williams hinted, as he has several times previously, that prosecutors were not finished building their case.

“We are hard at work and will remain so until justice is done,” he said.