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The U.S. government dropped six additional charges against SBF, including illegally supporting political elections and bribing officials.

The U.S. government dropped six additional charges against SBF, including illegally supporting political elections and bribing officials.

Cointime2023/12/30 06:38
By: Cointime

On December 30th, the US federal prosecutors informed Judge Lewis Kaplan, who presides over the SBF case, in a letter on Friday that SBF will not face a second trial due to additional charges. The prosecutors stated that most of the evidence that would have been presented in the second trial had already been presented in SBF's initial trial, and the judge can consider this evidence in the sentencing on March 28th. The dismissal of charges is aimed at avoiding delays in sentencing due to a second trial, and the federal government believes that this will help to resolve the case in a timely and fair manner.

It is reported that the "additional six charges" that were dismissed include SBF's financial irregularities in political campaigns, conspiracy to bribe foreign officials, conspiracy to commit bank fraud, conspiracy to operate an unlicensed money transfer business, and substantial securities and commodities fraud. (The amount involved in political donations and bribery of officials is about $100 million)

As previously reported by BlockBeats, FTX founder Sam Bankman-Fried was convicted in early November of fraud against users, among other charges. SBF will also face a trial for the second set of charges brought by prosecutors earlier this year, including allegations of foreign bribery and conspiracy to commit bank fraud. Sam Bankman-Fried's sentencing is scheduled for March 28, 2024.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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