United States lawyers have decided not to continue pursuing several charges against Sam Bankman-Fried, including foreign bribery, bank fraud, and more, led by U.S. Attorney Damian Williams from the Southern District of New York.
The prosecutors explained their choice by noting that some evidence for these charges was already shown during Bankman-Fried’s first trial.
“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,” the prosecutors wrote.
Even though the jury didn’t specifically discuss these dropped charges, the evidence could still affect how Bankman-Fried is sentenced.
There are still some unclear parts, like the exact role of Thai sex workers in helping Alameda deal with its frozen Chinese accounts, which led to a bribe to Chinese officials, as mentioned by former CEO Caroline Ellison.
However, many in the cryptocurrency world are particularly interested in a charge that was removed: the claim of illegal political donations.
This is about Bankman-Fried’s well-known donations to various politicians from both major U.S. parties. Prosecutors said he used $100 million of customer money for these political gifts.
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