Sam Bankman-Fried (SBF), the disgraced founder of collapsed FTX Crypto exchange and the second biggest Democrat donor in the 2022 midterms, had several charges against him dropped by the feds.
Crypto giant FTX went bankrupt last year, losing billions and wrecking the lives of thousands of crypto investors.
In January, Sam Bankman-Fried pleaded not guilty to all eight counts related to the sudden collapse of his crypto Ponzi scheme.
On Tuesday, SBF pleaded not guilty in New York to eight charges related to the collapse of his former crypto exchange FTX and hedge fund Alameda Research.
SBF was indicted on eight counts, including the following charges:
- Conspiracy to commit wire fraud and securities fraud
- Individual charges of securities fraud and wire fraud
- Money laundering
- Conspiracy to avoid campaign finance regulations
The FTX attorney testified that the FTX co-founder used a secret backdoor to launder money to Alameda Research, a sister company.
SBF’s ex-girlfriend, Caroline Ellis, admitted she and Sam Bankman-Fried conspired to mislead FTX investors and customers.
However, federal prosecutors announced on Thursday they would drop several charges against SBF.
ABC reported:
The offer to sever five of the 13 charges followed a ruling earlier this week in the Bahamas that allows Bankman-Fried to challenge the additional charges.
A prosecutor said during a hearing Thursday it was uncertain when the Bahamas would decide whether to consent to the new charges, which included bank fraud and an allegation Bankman-Fried bribed the Chinese.
“Severing those counts seems to be appropriate given the developments in the Bahamas this week,” the prosecutor, Nathan Rehn, said.
As Tekedia noted:
“The prosecutors did not provide any explanation for the sudden withdrawal of the charges, which were filed in September 2022.
The charges had accused Bankman-Fried and his associates of operating an unregistered securities exchange, facilitating illegal transactions, and failing to comply with KYC and AML requirements.”
Conservative commentator Ian Miles Cheong had this prediction for SBF:
“SBF is going to walk. Just watch.”
READ: World Economic Forum Scrubs Page about FTX Crypto Exchange from Its Website
READ: Top Trump Donor’s “Entire Family” Killed in Plane Crash
It’s a sick joke. The corruption speaks loud and the volume of it so ubiquitous that it was a given they will let SBF go free…eventually. He gave the Democrats so much money they could never actually hurt this guy for any length of time seriously. His prison time has been a vacation, not an incarceration. This is from Google… ( Bankman-Fried is currently under house arrest in the $4 million Palo Alto, Cal. home of his parents — Stanford law professors Joseph Bankman and Barbara Fried.) Now…if he had given all that money to the Republicans? Imagine how deep under the prison he would be.
The Empire strikes again.
Another forgiveness-dirty future stealing in progress
If he walks, he better walk with eyes to his rear as a lot of investors he screwed surely want revenge.
ALL THAT MONEY, BILLIONS GIVEN TO DEMOCRATS FOR CAMPAIGNES , AND SUDDENLY CHARGES START DROPPING, THEY DONT WANTR TO HAVE TO ACCOUNT FOR ALL THE MILLIONS OF DOLLARS THEY GOT !!!!
There were a few republicans which took donations from him as well…and they all should pay back every penny. The shareholders were screwed and this funny-faced person gets off scot free?????
Please refrain from making any anti-semitic remarks. Thank you!
why?
OY VEY!
Walk into the Capitol uninvited and you’ll rot in ZOG’s jails indefinitely, but if you defraud people of billions and you are one of Yahweh’s special pets, relax. Merrick Garfinkle will ensure that all will be just fine for you.
Let a PSYCHOPATH off and, I assure you, he’ll do it again. And, ever notice
how God gave these conscienceless crooks very apt names?
I can go one better, the Bankman Fried your funds!! The last names are truly fitting as you point out but it goes double for Sammy.
Sam will be exterminated within one month of walking….guaranteed!
if this Bass t**d goes free then Merrick Garland proves he is a bought and paid for political w***e!
Hey! His name’s not Trump, so the charges get the dump. How else can he continue to launder and funnel money to the Demoncraps?
Does it take this case to prove Garland is corrupt? Where have you been?
He donating a ton to republican groups as well, so sick of this political manipulation trying to divide us. I think both parties agree this guy should be prosecuted to the full extent, the law needs to stop spoon feeding these scammers.
Let’s unite for justice together for both sides, we are just fighting each other when we all know we have some major crooks across the board.
What are the names of all the politicians who took money from this j**k. They should pay back every penny so the shareholders don’t end up screwed. Michigan’s Senator Stabenow was one of them and when questioned about it was silent. Then she decided to retire. What about the rest of them?