2024

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Former FTX CEO Sam Bankman-Fried may only need to wait for his sentencing scheduled for March 28, 2024, since U.S. prosecutors stated that they do not plan to proceed with a second trial against the disgraced entrepreneur.
Additional criminal counts against Bankman-Fried accuse the former crypto mogul of illegal campaign financing, bank fraud, and securities and commodities violations.&nbsp;
According to <a href="https://www.bloomberg.com/news/articles/2023-12-30/us-drops-plan-for-second-bankman-fried-trial-on-other-charges" target="_blank" rel="noopener noreferrer nofollow">Bloomberg</a>, the U.S. government — in a letter to Judge Lewis Kaplan — notified the court that most of the evidence that would have been presented in the second trial slated for March 2024, was already addressed in Bankman-Fried’s first trial.&nbsp;
In addition to “the strong public interest in a prompt resolution of this matter,” prosecutors wish to proceed to Bankman-Fried’s sentencing, based on the counts from his first conviction.&nbsp;
You might also like: <a href="https://crypto.news/sam-bankman-fried-swaps-bitcoin-for-mackerel-in-prison/" rel="noopener noreferrer nofollow"> Sam Bankman-Fried swaps Bitcoin for mackerel in prison </a>
<blockquote class="wp-block-quote">
 “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, ‘as delay in sentencing may leave the defendant, as well as the victim, in limbo concerning the consequences of conviction.’” <cite>Excerpt from the letter to Judge Lewis Kaplan</cite>
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A 12-member jury in November <a href="https://crypto.news/ftx-founder-sam-bankman-fried-is-guilty-to-all-charges-crypto-community-reacts/" rel="noopener noreferrer nofollow">found</a> Bankman-Fried guilty of a seven-count charge involving fraud, conspiracy, and money laundering.&nbsp;
Bankman-Fried’s sentencing is scheduled to be held on March 28, 2024, with the charges carrying a combined maximum prison sentence of over 100 years.&nbsp;
In December, Judge Kaplan <a href="https://crypto.news/sam-bankman-fried-denied-delayed-sentencing-over-ftx-fraud/" rel="noopener noreferrer nofollow">denied</a> Bankman-Fried’s request submitted on Dec. 20, for a four-to-six-week extension of his sentencing hearing. The request came a day before the former FTX’s CEO was scheduled for a pre-sentence interview on Dec. 21.&nbsp;
According to the judge, Bankman-Fried’s lawyers failed to object to the sentencing dates when it was set after the first trial.&nbsp;
Read more: <a href="https://crypto.news/ftx-case-unwinnable-says-sam-bankman-frieds-lawyer/" rel="noopener noreferrer nofollow"> FTX case unwinnable, says Sam Bankman-Fried’s lawyer </a>

US prosecutors won’t pursue second trial against Bankman-Fried

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