Federal Prosecutors Drop Additional Charges Against FTX Founder Sam Bankman-Fried

Decision made in the interest of a prompt resolution, sentencing scheduled for March 28.

Federal prosecutors have decided not to pursue additional criminal charges against Sam Bankman-Fried that were not covered in his previous trial.
Bankman-Fried is slated for sentencing on March 28 and confronts a potential sentence that could span decades, given his conviction on seven criminal counts related to the misappropriation of billions from FTX customers.
Among the initial charges, Bankman-Fried also faced accusations of misusing client funds for massive political donations.
Prosecutors reasoned that much of the evidence that would be submitted had already been considered in his October trial.
Although forgoing an additional trial means not holding Bankman-Fried accountable for conspiracy to make unlawful campaign contributions, additional court dates would most certainly delay a scheduled March 2024 sentencing.