Odaily Planet Daily News According to the new indictment released Thursday morning, FTX founder Sam Bankman-Fried also faces other charges, including bank fraud charges. In the new 12 charges, US federal officials accused SBF of bank fraud and operating an unlicensed remittance business, and he also faces 8 charges. According to the indictment, SBF and others "falsely represented to financial institutions that the account would be used for trading and market making" when trying to open a bank account, when in fact the account was used to receive and transfer customer funds. He opened a company and deliberately used the seemingly unrelated name "North Dimension" to deceive a bank that was previously unwilling to open an account for it. In addition, SBF and other co-conspirators "agreed and did provide corporate donations to candidates and committees in the Southern District of New York, which were reported in the name of another person." (CoinDesk)