huge fund alameda research. reporter: he has been indicted on eight criminal charges including wire fraud, multiple counts of conspiracy and campaign finance violations. prosecutors say he made illegal political donations in the tens of millions of dollars. all of this dirty money was used in service of bankman-fried s desire to buy influence and impact the direction of public policy in washington. reporter: they allude other schemes including billions of dollars of assets to his hedge fund alameda research in early 2022, investors valued ftx and its u.s. operations at a combined 40 billion. bank man-fried s entire bank of cards started to plummet in may of 2022. and as alameda s lenders demanded repayment on millions of dollars in loans. reporter: the 32-year-old son