Federal districtattorneys have informed a New York judge that they will not continue with a 2nd trial of FTX creator Sam Bankman-Fried on charges not in the case provided to a jury that foundedguilty him in November
ByLARRY NEUMEISTER Associated Press
December 29, 2023, 7: 35 PM
FILE – FTX creator Sam Bankman-Fried leaves Manhattan federal court, June 15, 2023, in New York. A 2nd trial of Bankman-Fried on charges not in the cryptocurrency scams case provided to a jury that foundedguilty him in November is not needed, districtattorneys informed a judge Friday, Dec. 29, (AP Photo/Bebeto Matthews, File)
The Associated Press
NEW YORK — A 2nd trial of FTX creator Sam Bankman-Fried on charges not in the cryptocurrency scams case provided to a jury that foundedguilty him in November is not needed, districtattorneys informed a judge Friday.
Prosecutors informed U.S. District Judge Lewis A. Kaplan in a letter that proof at a 2nd trial would replicate proof currently revealed to a jury. They likewise stated it would overlook the “strong public interest in a timely resolution” of the case, especially because victims would not advantage from forfeit or restitution orders if sentencing is postponed.
They stated the judge can thinkabout the proof that would be utilized at a 2nd trial when he sentences Bankman-Fried on March 28 for defrauding consumers and financiers of at least $10 billion.
Bankman-Fried, 31, who hasactually been putbehindbars consideringthat anumberof weeks before his trial, was foundedguilty in early November of 7 counts, consistingof wire scams, wire scams conspiracy and 3 conspiracy charges. He might face years in jail.
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