FTX founder Sam Bankman-Fried hit with new fraud charges
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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. Four new charges, including securities fraud and conspiracy fraud counts, were unveiled with the unsealing of the refreshed indictment in Manhattan federal court that was returned a day earlier. 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. A spokesperson for Bankman-Fried declined to comment. FTX founder Sam Bankman-Fried pleads not guilty to fraud