Prosecutors drop Bankman-Fried campaign finance charge over treaty

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Prosecutors dropped criminal campaign finance charges against FTX owner Sam Bankman-Fried, due to a complication related to the U.S.’s extradition treaty with the Bahamas.

According to a Wednesday court filing by U.S. Attorney for the Southern District of New York Damian Williams, the Bahamian government notified the U.S. that it did not intend to extradite Bankman-Fried on a charge of conspiracy to make unlawful campaign contributions, an accusation levied by U.S. prosecutors.

“Accordingly, in keeping with its treaty obligations to The Bahamas, the government does not intend to proceed to trial on the campaign contributions count,” Williams wrote the federal judge presiding over Bankman-Fried’s criminal proceeding. Bankman-Fried was one of the most prolific political donors in the U.S. during the 2020 and 2022 election cycles.on Bankman-Fried and his attorneys, barring them from discussing the case with media until an early August decision over whether the indicted crypto mogul will spend the rest of his time before an October criminal trial in jail due to possible violations of his bail terms.

 

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