Prosecutors say they would drop several charges, at least for now, against disgraced crypto executive Sam Bankman-Fried if the judge agrees to try him later on those charges.
Indicted FTX founder Sam Bankman-Fried arrives at United States Court in New York City, June 15, 2023.Federal prosecutors in New York said they would drop several criminal charges, at least for now, against disgraced crypto executiveThe 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.
"Severing those counts seems to be appropriate given the developments in the Bahamas this week," the prosecutor, Nathan Rehn, said.Bankman-Fried, who has pleaded not guilty, is scheduled to stand trial in October. Rehn said prosecutors would not proceed with the new charges unless the government of the Bahamas consented.
"I’m not going to rule on this now," Judge Lewis Kaplan said. "I’m going to give it a little more thought."The defense asked the judge to dismiss an original charge that accused Bankman-Fried of violating campaign finance laws, arguing that count also violated the extradition treaty. The charge said Bankman-Fried improperly donated tens of millions of dollars to mainly Democratic and some Republican candidates.
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