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

A new federal investigation suggests that the political and campaign-finance elements of the S.B.F. case may be broader than originally known.
A new federal investigation suggests that the political and campaign-finance elements of the S.B.F. case may be broader than originally known. Photo: Gotham/GC Images
Theodore Schleifer
February 21, 2023

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.