US prosecutors are planning to drop one of the charges against SBF_FTX relating to alleged illicit campaign financing, but the FTX co-founder still faces 12 charges across two trials.
United States prosecutors have signaled they will drop a charge against FTX co-founder Sam Bankman-Fried, which had alleged he conspired to make unlawful campaign contributions.to District Court Judge Lewis Kaplan, U.S. Attorney Damian Williams said the government was informed by The Bahamas that it did not agree to extradite Bankman-Fried on the charge and prosecutors would not carry it forward to trial.
"The Bahamas did not intend to extradite the defendant on the campaign contributions count," Williams wrote in the letter."In keeping with its treaty obligations to The Bahamas, the Government does not intend to proceed to trial on the campaign contributions count." Excerpt of William's letter submitted to the court providing an update on the charge. Source: CourtListenersaying it was made after his extradition from The Bahamas and was not part of the original agreement.
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