Biden DOJ Gives Top Democrat Donor Sam Bankman-Fried A Pass…No Second Trial
The Department of Justice announced Friday that they will not pursue a second trial against Sam Bankman-Fried.
The disgraced founder of FTX was found guilty in November of 7 charges related to fraud and conspiracy.
However, charges related to violating campaign finance laws were dropped in July. A few of these included conspiracy to make unlawful campaign contributions and conspiracy to bribe foreign officials.
Keep in mind that SBF was one of the top Democrat donors. He used money stolen from FTX customers to donate $100 million during the 2022 midterms, and gave tens of millions to dark money groups…
JUST IN: The U.S. government is dropping six charges against crypto scammer Sam Bankman-Fried including campaign finance violations and conspiracy to commit bribery charges.
Making bribes with stolen money is fine as long as that money is going to U.S. politicians.
SBF donated… pic.twitter.com/g75YYKIIAP
— Collin Rugg (@CollinRugg) December 30, 2023
In total, SBF used stolen funds to donate over $42 million to mostly Democrats, but also a few Republicans…
Check out this list of all the politicians and dark money groups SBF gave money to:
BREAKING: SBF has been charged with violating campaign finance laws.
He has given $42 million to Democrats & “dark money” to Republicans.
But there hasn’t been a full list of the politicians he paid.
Until now.
Click here to see who SBF gave money to: https://t.co/araVgIs4Qv pic.twitter.com/8LxzSogHsb
— unusual_whales (@unusual_whales) December 16, 2022
It was originally promised that SBF would be presented with evidence of these additional charges at a later trial date sometime this year. Yet, it never happened.
Now, the campaign finance violations and bribery charges have been dropped entirely.
Sam Bankman-Fried’s sentencing date is set for March 2024, and he will not face a second trial.
Sam Bankman-Fried, the FTX fraudster that stole BILLIONS & was the top 2020 Democratic donor.
The Gov’t is dropping 6 charges against SBF including campaign finance violations & bribery charges.
Commit fraud, donate to Democrats like Maxine Waters, get charges dropped. pic.twitter.com/UEfoRh6Ndc
— Grand Old Patriots🇺🇸 (@GrandOlPatriots) December 30, 2023
Sam Bankman-Fried donated $100 million in stolen customer funds to US politicians.
Today, the US Government announced they’re dropping six charges against SBF and will not prosecute him for a political campaign finance violation. pic.twitter.com/7lOJb8F62i
— Watcher.Guru (@WatcherGuru) December 30, 2023
Time has more on this:
A second trial of FTX founder Sam Bankman-Fried on charges not in the cryptocurrency fraud case presented to a jury that convicted him in November is not necessary, prosecutors told a judge Friday.
Prosecutors told U.S. District Judge Lewis A. Kaplan in a letter that evidence at a second trial would duplicate evidence already shown to a jury. They also said it would ignore the “strong public interest in a prompt resolution” of the case, particularly because victims would not benefit from forfeiture or restitution orders if sentencing is delayed.
They said the judge can consider the evidence that would be used at a second trial when he sentences Bankman-Fried on March 28 for defrauding customers and investors of at least $10 billion.
Bankman-Fried, 31, who has been incarcerated since several weeks before his trial, was convicted in early November of seven counts, including wire fraud, wire fraud conspiracy and three conspiracy charges. He could face decades in prison.
Last spring, prosecutors withdrew some charges they had brought against Bankman-Fried because the charges had not been approved as part of his extradition from the Bahamas in December 2022. They said the charges could be brought at a second trial to occur sometime in 2024.
However, prosecutors at the time said that they would still present evidence to the jury at the 2023 trial about the substance of the charges.
The charges that were temporarily dropped included conspiracy to make unlawful campaign contributions, conspiracy to bribe foreign officials and two other conspiracy counts. He also was charged with securities fraud and commodities fraud.
Reuters also reported:
U.S. prosecutors said they do not plan to conduct a second trial against Sam Bankman-Fried, who was convicted last month of stealing from customers of his now-bankrupt FTX cryptocurrency exchange.
In a letter filed on Friday night in federal court in Manhattan, prosecutors said the “strong public interest” in a prompt resolution of their case against the 31-year-old former billionaire outweighed the benefits of a second trial.
Prosecutors said that interest “weighs particularly heavily here,” given that Bankman-Fried’s scheduled March 28, 2024, sentencing will likely include orders of forfeiture and restitution for victims of his crimes.
Jurors on Nov. 2 convicted Bankman-Fried on all seven fraud and conspiracy counts he faced. Prosecutors had accused him of looting $8 billion from FTX customers out of sheer greed.
Lawyers for Bankman-Fried declined to comment.
Bankman-Fried had faced six additional charges that had been severed from his first trial, including campaign finance violations, conspiracy to commit bribery, and conspiracy to operate an unlicensed money transmitting business.
Must be nice being a Democrat.
What do you make of this?..
The SBF case became too high-profile for the DOJ to completely ignore, but they made sure laundering $100 million of customers’ money to Schumer, Biden, and McConnell and other dark money groups would never blow back on the “elite.” Trump faces 700 years in federal prison, but… https://t.co/wC2l7ycl7H
— Charlie Kirk (@charliekirk11) December 30, 2023
