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The U.S. Division of Justice (DOJ) has knowledgeable a federal choose that it’s going to not pursue a marketing campaign finance cost in opposition to Sam Bankman-Fried, the founding father of FTX. The choice got here after consultations with The Bahamas relating to the inclusion of the cost in an extradition doc from final yr.
Initially, the DOJ indicted Bankman-Fried on eight counts in late 2022, and later added 5 further costs. Nonetheless, Bankman-Fried’s protection workforce argued that The Bahamas, the place he was initially arrested, needed to comply with the extra costs as per the phrases of the U.S.’s extradition treaty with the nation. The DOJ was permitted by Decide Lewis Kaplan of the District Courtroom for the Southern District of New York to separate these costs and set a trial date for March.
In a current courtroom submitting, it was revealed that The Bahamas didn’t embody the marketing campaign finance violation, the eighth cost from the unique indictment, in its extradition treaty with the U.S. Consequently, the DOJ won’t proceed to trial on the marketing campaign finance rely, adhering to its treaty obligations with The Bahamas.
The announcement got here after a listening to the place Sam Bankman-Fried was alleged to have shared personal paperwork with the New York Instances in an try to discredit a former Alameda Analysis govt, Caroline Ellison. The DOJ had sought to remand Bankman-Fried into custody throughout the listening to, however Decide Kaplan deferred ruling on the matter, establishing a schedule for written submissions from each the prosecution and protection.
At present, Bankman-Fried’s trial is scheduled for October 2. The DOJ’s letter didn’t specify whether or not the marketing campaign finance cost can be included within the second trial scheduled for March.
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