Sam Bankman-Fried Will Still Face Campaign Finance-Related Charge, Justice Department Says

AccessTimeIconAug 8, 2023 at 10:44 a.m. MDT
Updated Aug 8, 2023 at 1:47 p.m. MDT

The U.S. Department of Justice still plans to argue that Sam Bankman-Fried conducted an “illegal campaign finance” scheme when he goes to trial in October, prosecutors said in a letter Tuesday, two weeks after saying they couldn’t bring a campaign finance charge against the FTX founder due to treaty obligations.

Prosecutors will file a superseding indictment next week bringing seven charges against Bankman-Fried, the letter said. Each of those will be from the original indictment, excluding only a campaign finance charge that the DOJ dropped to comply with the U.S.’s extradition treaty with the Bahamas.

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