Sam Bankman-Fried already was facing more than a century behind bars if convicted of all the charges outlined against him. The addition of a charge that he bribed Chinese officials once again raises the stakes. Bankman-Fried has pleaded not guilty to several charges of fraud against him. Other top FTX executives have already pleaded guilty. Ellison reportedly pleaded guilty to seven counts and Wang, on the other hand, pleaded guilty to just four counts. Former FTX Director Nishad Singh also pleaded guilty to U.S. criminal charges against him last month.
This latest development is not good news for FTX founder Sam Bankman-Fried, as he now faces 13 criminal counts and could face more than a century behind bars if convicted. Other FTX executives could also face prison time if convicted.
You can read more about this topic here: Watcher Guru: How Many Years Will Sam Bankman-Fried Stay Behind Bars if Found Guilty?