Prosecutors Drop Plans for Second Trial Against FTX's Bankman-Fried, Cite Public Interest in Swift Resolution
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Prosecutors will not pursue a second trial against crypto founder Sam Bankman-Fried, citing public interest in a prompt resolution.
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Bankman-Fried was found guilty in November 2022 on fraud, embezzlement and conspiracy charges related to the collapse of his exchange FTX.
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He faces up to 110 years in prison when sentenced on March 28.
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Prosecutors said much evidence was already presented at the first trial, and a second would not affect his sentence.
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The US and Bahamas are clashing over who has jurisdiction to prosecute Bankman-Fried.