According to a recent report, Sam Bankman-Fried, the ill-famed founder of the bankrupt crypto firm FTX, has been acquitted of unlawful campaign contributions– one of the allegations that the disgraced FTX CEO bore. The US prosecutors decided to drop the charge against Bankman-Fri...
- Sam Bankman-Fried has been acquitted of unlawful campaign contributions, one of the charges imposed on him.
- The Bahamas revealed that the extradition documents were exclusive of the charge.
- Consequently, Attorney Damian Williams asserted that the government will proceed with the charge.
According to a recent report, Sam Bankman-Fried, the ill-famed founder of the bankrupt crypto firm FTX, has been acquitted of unlawful campaign contributions– one of the allegations that the disgraced FTX CEO bore. The US prosecutors decided to drop the charge against Bankman-Fried considering his argument that the extradition documents were exclusive of his charge on illegal campaign donations.
In a letter addressing District Judge Lewis Kaplan, US Attorney Damian Williams revealed that the Bahamas informed the government that the country hasn’t agreed to extradite the disgraced entrepreneur on the charge.
Consequently, the US government declared that neither the charge would exist longer, nor the case would advance to trial. In the letter dated July 26, Attorney Williams wrote, “In keeping with its treaty obligations to The Bahamas, the government does not intend to…
The post US Prosecutors Acquit SBF of Illegal Campaign Donations: Report appeared first on Coin Edition.