Convicted crypto-fraudster Sam Bankman-Fried won’t Face a Second Trial on Remaining Charges
Sam Bankman-Fried donated $100 million in stolen customer funds to US politicians.
Today, the US Government announced they're dropping six charges against Fried, and will not prosecute him for a political campaign finance violation.
Prosecutors said the "strong public interest" in a resolution of their case against the former billionaire outweighed benefits of a second trial.
He had faced six charges that had been separated from his first trial.
These included campaign finance violations, conspiracy to commit bribery, and conspiracy to operate an unlicensed money transmitting business.
His sentencing has been set for 28 March.
In a letter filed in federal court in Manhattan, prosecutors said that his sentencing will likely include orders of forfeiture and restitution for the victims of his crimes.
A jury found Bankman-Fried guilty on seven counts related to fraud and money laundering in connection with the collapse of FTX and affiliated hedge fund Alameda Research. Prosecutors had separated an additional six charges from Bankman-Fried’s initial trial, including:
Campaign finance violations
Conspiracy to commit bribery
Conspiracy to operate an unlicensed money-transmitting business
Narco cartels use crypto to move drug money. They used FTX to launder donations to DNC. Biden opened up the border. Narco accounts co-mingle with legit money. Bankman-freid is the fall guy. Fried did exactly what he was supposed to do. Now he will quietly get off Scott free.
The Epstein of crypto.
Now you understand why the Biden Administration would open the border and put cartels back in business after Trump effectively shut them down. Two reasons:
1. Mexican Cartels used FTX to become 2nd largest campaign donors to DNC
2. Mexican Cartels counterfeited and dumped ballots in last 2 elections
Why else would an entire political party (DNC) align themselves with the interest of narco terrorist cartels over the interest of the American people? Because the cartels are keeping them in power, not the voters.
Wonder why these democrat politicians are so gun ho on defunding the police and bail reform? It’s not for social justice… it’s in order to allow cartels to operate freely in the United States. This is WHY they steal our elections.