Sam Bankman - Fried once confront 13 vicious charges relating to his massive impostor schema at the crypto exchange FTX . However , he ’ll only face consequences for the seven direction he was found guilty of in November .
The United States Department of Justice ( DOJ ) unload a second trial against Sam Bankman - Fried colligate to five additional commission , harmonise to aletterfrom the section to Judge Lewis Kaplan on Friday .
“ The Government does not intend to keep to trial on the Additional Counts , ” said U.S. public prosecutor in the court filing . The DOJ said extradition processes in The Bahamas would delay SBF ’s sentencing , and cited “ a strong public sake in a quick resolution of this matter , ” in its determination to discharge the second run .
Photo: Michael M. Santiago (Getty Images)
A jury found Bankman - Fried guilty of all seven charges he was try with in November , and the former crypto tycoon is potentially facing decades in prison house . The DOJ ’s decision on Friday , however , means SBF wo n’t be charged with five more alleged criminal offence . Those send away charge related to conspiracy to bribe alien officials , bank fake , maneuver an unlicensed money - transmitting job , securities hoax , and commodity pretender . to boot , the DOJ discharge another chargeback in Julyaround Bankman - Fried ’s run finance violations , which would have cast off visible light on the millions of dollars he donated to political campaign .
Coinbase ’s Chief Legal Officer , Paul Grewal , promise the DOJ ’s conclusion “ a mistake ” and “ a miscarriage of justice , ” in atweeton Friday . Grewal says SBF ’s campaign finance charges merit to be aired out in public .
“ What politicians and others knew what and when are critical question that deserve answers , ” he said .
That said , I think this is a miscarriage of justice . The public pursuit in a public airing of charges almost always matters . Campaign finance charges are at the very top of this list . What pol and others get laid what and when are decisive question that merit answers .
— paulgrewal.eth ( @iampaulgrewal)December 30 , 2023
There is evidence indicating wrongdoing on many of the dropped charges . In the first trial , prosecuting officer display afull listof SBF ’s political donation , totaling $ 133 million and including tens of millions of dollar donated to Republican and Democratic Super PACs . The DOJ also claimed in its letter to Judge Kaplan that previous grounds “ proved that the suspect engross in a confederacy to bribe Taiwanese officials . ”
The DOJ say much of the evidence in the second tryout has already descend to spark , and Judge Kaplan can consider SBF invest these crimes in his sentencing plan for March . While this is on-key , it could be assumed that more evidence would have add up up if SBF had been tried for the six crime that were dropped .
CoinbaseCorporate crimeJoseph BankmanLaw , CrimePoliticsSam Bankman - Sam Bankman - Fried
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