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Manhattan federal prosecutors drop campaign finance charge against Sam Bankman-Fried in new indictment

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US federal prosecutors in Manhattan filed another indictment against FTX co-founder Sam Bankman-Fried, dropping another count against him

Prosecutors had previously indicated their plans to drop the one count of conspiracy to make unlawful campaign contributions against Bankman-Fried last month in a letter to the court. “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.

In addition to the three former top executives of FTX and sister hedge fund Alameda Research, who have pleaded guilty to their role in the alleged fraud, prosecutors wrote that “the Government expects to call, among other witnesses, multiple former employees of Alameda and FTX, several of the defendant’s customer, lender, and investor victims, and an expert witness whose financial analysis will show the nature and extent of the fraud.

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