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IPFS News Link • Courtroom and Trials

Bankman-Fried Dodges Bribery Trial After Feds Drop Charges

• Zero Hedge

Well look at that! Disgraced FTX founder Sam Bankman Fried, who was found guilty in November on seven counts of fraud and conspiracy, won't face a second trial at all after feds told US District Judge Lewis Kaplan in a Friday letter that in the 'interest of expediency' it would drop six charges related to SBF's second trial - including conspiracy to bribe foreign officials, commit bank fraud and operate an unlicensed money transmitting business.

The reason? The Bahamas 'has yet to consent' to the fallen crypto king moving forward with the second batch of charges.

"Proceeding with sentencing in March 2024 without the delay that would be caused by a second trial would advance the public's interest in a timely and just resolution of the case," reads the letter.


thelibertyadvisor.com/declare