U.S. Justice Department drops campaign finance charge against Sam Bankman-Fried

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 78%

Nigeria News News

U.S. Justice Department drops campaign finance charge against Sam Bankman-Fried
Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

U.S. Justice Department drops campaign finance charge against Sam Bankman-Fried Cryptocurrencies

Previously, the Justice Department said Bankman-Fried and other members of senior management at FTX used customer deposits to make $90 million in campaign contributions to around 300 political candidates or political action committees . Bankman-Fried pleaded not guilty to the charges in March.

The dropping of the charge is a partial victory for Bankman-Fried’s lawyers, who have argued at previous court hearings that the United States government mishandled his extradition.

The court filing submitted by U.S. Attorney Damian Williams on July 20 accused Bankman-Fried of sharing Ellison’s journal and other personal writings with a New York Times reporter for an article published that same day, characterizing the leak as an “attempt to interfere with a fair trial by an impartial jury.”

She also said she is concerned about what Bankman-Fried may have told Michael Lewis, the author of financial true-crime best-sellers Liar’s Poker and The Big Short, who will be releasing a book about FTX around the time that the fall trial is scheduled to begin.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

KitcoNewsNOW /  🏆 13. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines