FTX founder Sam Bankman-Fried hit with new criminal charges

FTX co-founder Sam Bankman-Fried was hit with four new criminal charges on Thursday in a superseding indictment in New York federal court.

A source familar with the new counts said that SBF, as he is popularly known, could face an additional 40 years in prison if convicted in the case.

The new charging document lays out in greater detail Bankman-Fried's allegedly fradulent conduct related to his cryptocurrency company and an associated hedge fund.

The 12-count indictment also provides new details of political donations that Bankman-Fried allegedly directed in violation of federal campaign finance laws.

The document lays how Bankman-Fried allegedly operated an illegal straw donor scheme as he moved to use customers funds to run a $40 million political influence campaign.

"To avoid certain contributions being publicly reported in his name, Bankman-Fried conspired to and did have certain political contributions made in the names of two other FTX executives," the new filing claims.

The new indictment was unsealed in U.S. District Court in Manhattan, where Bankman-Fried was originally charged.

He has pleaded not guilty in the case.

Manhattan U.S. Attorney Damian Williams, in a statement on the new indictment said, "We are hard at work and will remain so until justice is done."

- Additional reporting by CNBC's Jim Forkin

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