The Next S.B.F. Legal Riddle: What’s in Puerto Rico?

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Greetings from San Francisco—and thanks as always for reading Puck.

Today, some exclusive news I’ve learned this week regarding the Department of Justice’s investigation into Sam Bankman-Fried. Read on to learn why exactly S.B.F. and his associates should potentially be concerned about what is happening in Puerto Rico of all places. A special thanks to my colleague Eriq Gardner, who covers the law better than anyone and whose newsletter you should sign up for here.

As always, my inbox and confidential-messaging apps are open for your thoughts. Feel free to ask for my number.

Teddy

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The Next S.B.F. Legal Riddle: What’s in Puerto Rico?

An elite unit of the Department of Justice has taken an interest in the political side of the FTX case, raising the possibility of more indictments to come.

TEDDY SCHLEIFER

An elite team of federal investigators are looking into possible campaign-finance violations by Sam Bankman-Fried or his associates in what appears to be an expansion of the Justice Department investigation into the sprawling FTX scandal, according to sources briefed on the matter. The Public Integrity Section, a SWAT team of sorts within the D.O.J. that focuses on crimes by public officials, recently issued at least one grand jury subpoena in Puerto Rico, I’m told by a source. The existence of this additional grand jury, empaneled in San Juan, raises the possibility that there could be more indictments involving S.B.F. or his inner circle in the coming weeks.

Details are still scarce about the twists in this matter. But multiple people involved in the case recently said they were informed of...

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