Federal prosecutors said Friday that they do not plan to proceed with a second trial against Sam Bankman-Fried, citing public interest in a speedy resolution of the case that has seemingly irritated those who were hoping to see the disgraced FTX founder prosecuted to the fullest extent.
In a Friday letter filed in federal court in Manhattan, prosecutors said they do “not plan to proceed with a second trial” as “much of the evidence that would be offered in a second trial was already offered in the first trial and can be considered by the Court at the defendant’s March 2024 sentencing.”
Sam Bankman-Fried donated $100 million in stolen customer funds to US politicians.
Today, the US Government announced they’re dropping six charges against SBF and will not prosecute him for a political campaign finance violation. pic.twitter.com/7lOJb8F62i
— Watcher.Guru (@WatcherGuru) December 30, 2023
The decision by prosecutors not to hold a second trial against Bankman-Fried quickly drew backlash from those who had followed the case.
CryptoLaw founder John Deaton, who has consistently commented on Bankman-Fried’s case, slammed the decision by prosecutors as a “disgrace.”
“The DOJ has shown again, that it is NOT an independent agency,” Deaton said on X. “Who is the Attorney General protecting?” NYPost
Sam Bankman-Fried will not face second trial
“He had faced six charges that had been separated from his first trial.
These included campaign finance violations, conspiracy to commit bribery…”
DOJ is protecting his Dem donation recipients. https://t.co/Uerzvfd2pN
— John Cardillo (@johncardillo) December 30, 2023
JUST IN: The U.S. government is dropping six charges against crypto scammer Sam Bankman-Fried including campaign finance violations and conspiracy to commit bribery charges.
Making bribes with stolen money is fine as long as that money is going to U.S. politicians.
SBF donated… pic.twitter.com/g75YYKIIAP
— Collin Rugg (@CollinRugg) December 30, 2023