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Sam Bankman-Fried Won't Face Campaign Finance Charge, U.S. DOJ Says

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The U.S. Department of Justice said late Wednesday it did 'not intend to proceed' with a campaign finance charge against FTX founder Sam Bankman-Fried, due to extradition treaty obligations with The Bahamas. nikhileshde reports

late Wednesday, The Bahamas did not include the eighth charge from the original indictment, a campaign finance violation, in its extradition treaty.

"The Government has been informed that The Bahamas notified the United States earlier today that The Bahamas did not intend to extradite the defendant on the campaign contributions count," the DOJ letter said."Accordingly, in keeping with its treaty obligations to The Bahamas, the Government does not intend to proceed to trial on the campaign contributions count.

Judge Kaplan declined to rule on that motion during Wednesday's hearing, instead setting up a schedule for both the prosecution and the defense to file written submissions on that matter. In the meantime, he imposed an interim gag order preventing Bankman-Fried from communicating publicly. Bankman-Fried is currently set to go on trial on Oct. 2. The DOJ's letter did not say if prosecutors intend to fold the campaign finance charge into the second trial in March.

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