On Friday, CNBC reported that the U.S. government has decided not to pursue further charges against FTX founder Sam Bankman-Fried.
The article reports:
- Prosecutors have decided against pursuing a second trial against disgraced FTX founder Sam Bankman-Fried.
- In a note to Judge Lewis Kaplan on Friday, the U.S. government said that much of the evidence that would have been presented had already been submitted during the first trial.
- In November, following a month’s worth of testimony from nearly 20 witnesses, a jury found the former FTX chief executive guilty of all seven criminal counts against him.
The article notes:
The second trial, which had been slated to start in March, addressed an additional set of criminal counts, including conspiracy to bribe foreign officials, conspiracy to commit bank fraud, conspiracy to operate an unlicensed money transmitting business and substantive securities fraud and commodities fraud.
Damian Williams, the U.S. attorney for the Southern District of New York, wrote in the letter to the Court that “a second trial would not affect the United States Sentencing Guidelines range for the defendant, because the Court can already consider all of this conduct as relevant conduct when sentencing him for the counts that he was found guilty of at the initial trial.”
I suppose it is just an incredible coincidence that after Sam Bankman-Fried donated $100 million in stolen customer funds to US politicians, the US Government announced they’re dropping six charges against SBF and will not prosecute him for a political campaign finance violation. Any guesses on what the second trial would reveal about campaign finance violations and the people who received funds illegally?