WATCH: DOJ Calls Crypto Crook SBF's Scheme One of 'Biggest Financial Frauds in American History'

December 13, 2022

U.S. Attorney Damian Williams on Tuesday unveiled eight indictments against Democratic megadonor Sam Bankman-Fried, accusing the former CEO of crypto exchange FTX of running "one of the biggest financial frauds in American history."

"By anyone's lights, this is one of the biggest financial frauds in American history," Williams said after detailing how Bankman-Fried allegedly stole customers' money, committed fraud against investors and lenders, and violated campaign finance laws.

Williams hinted that more charges might come for Bankman-Fried, who was the Democratic Party's second-biggest donor in the 2022 midterm elections.