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Bankman-Fried campaign finance charge dropped, lessening trial's political focus

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The decision by U.S. prosecutors on Wednesday to drop a campaign finance charge against Sam Bankman-Fried may keep his trial focused on what the government considers his main crime: stealing billions of dollars from cryptocurrency customers at his now-bankrupt FTX exchange.

of tampering with witnesses by sharing personal writings of his former romantic partner Caroline Ellison with a New York Times reporter.

Bankman-Fried still faces seven counts of defrauding or conspiring to defraud customers, investors and lenders in what prosecutors called one of the "He faces a second trial next year on five charges brought after his extradition, including foreign bribery conspiracy and bank fraud conspiracy. "Jurors have a visceral reaction to campaign finance charges: campaign finance charges are crimes on the public, and jurors themselves are indirect victims," he said. "Victims of the other charges by comparison are customers of or investors in Alameda or FTX."

 

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