Prosecutors Drop Second Trial Against FTX's Bankman-Fried, Drawing Criticism Over Democratic Donations
-
Prosecutors said they will not pursue a second trial against Sam Bankman-Fried, citing public interest in a speedy resolution of the case. This drew criticism from conservatives.
-
Prosecutors said much of the evidence from the first trial would be repeated in a second trial, and the illegal donations can be considered at sentencing.
-
In 2021-2022, Bankman-Fried donated nearly $38 million to Democratic candidates and groups.
-
Bankman-Fried was found guilty on 7 counts relating to misuse of FTX customer funds, with sentencing slated for March.
-
Prosecutors were prevented from charging Bankman-Fried with illegal donations in the first trial due to the extradition agreement with the Bahamas.