Disgraced FTX Founder Sam Bankman-Fried to Be Spared a Second Trial
The U.S. Department of Justice will not pursue further campaign fraud charges against Sam Bankman-Fried, sparing him from another trial after a jury found him guilty of seven criminal counts last month, United States Attorney Damian Williams said in a court filing on Friday.
The former head of crypto trading firm FTX and former billionaire faces sentencing on multiple counts of wire fraud, conspiracy to commit commodities fraud, and conspiracy to commit money laundering—crimes that could see him face over 100 years of prison time.
The government also accused him of “conspiracy to make unlawful campaign contributions,” but such charges were kept separate from this year’s trial.