Federal prosecutors have dropped the campaign finance violation charge against FTX founder Sam Bankman-Fried, after The Bahamas told the United States that it never planned to extradite SBF on campaign finance violations - which the DOJ now says would violate 'its treaty obligations to The Bahamas.
"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," US Attorney Damian Williams wrote in a Wednesday night letter filing to drop the charge.
Recall that SBF was charged with fraud and campaign finance violations following the collapse of his crypto exchange.
SBF and cohort made more than 300 donations totaling tens of millions of dollars, feds allege --> pic.
These include defrauding customers and lenders of FTX. It is alleged that SBF siphoned billions of dollars that customers had deposited with FTX. Other charges may yet result in an additional trial, but complications arise from litigation in the Bahamas over the extradition, which must be concluded before the US government can proceed.
BREAKING: PROSECUTORS DROP CAMPAIGN FINANCE CHARGE AGAINST FTX'S SAM BANKMAN-FRIED. Federal prosecutors are dropping the charge that SBF violated campaign finance rules.
SBF was charged with fraud and campaign finance violations after the sudden collapse of FTX, a crypto pic.
https://www.zerohedge.com/political/feds-drop-campaign-finance-charge-against-sbf
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