SBF has earlier pleaded not guilty to stealing billions of dollars in FTX customer funds to plug losses at Alameda Research, his crypto-focused hedge fund

Sam Bankman-Fried used stolen funds from customers of his FTX crypto currency exchange to make over $100 million in political campaign contributions before the 2022 U.S. midterm elections, federal prosecutors said on Monday.

A revised charge accused the ex-billionaire of directing two FTX executives to evade contribution ceiling by donating to Democrats and Republicans, and to hide the source of the money.

He used this sway, in turn, to lobby Congress and regulatory agencies to back legislation and regulation he believed would make it easier for his exchange to continue to accept customer deposits and grow, according to the indictment.

SBF faces seven counts of conspiracy and deceit over the failure of FTX, though the indictment no longer includes conspiracy to breach campaign finance laws as a separate count.

Federal prosecutors stated last month they would drop that charge after the Bahamas, where the FTX exchange was based and where SBF was arrested in December last year, said it never planned to repatriate him on that count.

Rather, prosecutors told U.S. District Judge Lewis Kaplan last week that a new indictment would make clear that SBF remains charged with running an unlawful campaign finance scheme as part of the fraud and money laundering schemes originally charged.

SBF has earlier pleaded not guilty to stealing billions of dollars in FTX customer funds to plug losses at his crypto-focused hedge fund – Alameda Research.

The judge jailed him last Friday ahead of his October 2 trial, after finding probable cause that SBF meddled with witnesses.

Earlier, SBF had been mainly confined to his parents’ home on $250 million bond.

SBF rode a surge in crypto currency values to rack up a fortune that was once estimated at $26 billion, and became an influential donor to mostly Democratic candidates and causes.

FTX’s collapse in November 2022 following a rush of customer withdrawals destroyed his wealth and blemished his reputation.