SDNY prosecutors said a second trial would not affect Bankman-Fried’s guidelines range at sentencing because U.S. District Judge Lewis Kaplan “can already consider all of this conduct."
January 02, 2024 at 05:27 PM
4 minute read
Prosecutors in the Southern District of New York will not pursue a second trial for FTX founder Sam Bankman-Fried’s remaining criminal charges, so his sentencing is set to move ahead in March, according to a letter filed late Friday.
“The Government has concluded that the public interest in a prompt resolution of this matter outweighs the interest in holding a separate trial,” prosecutors wrote.
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Sam Bankman-Fried, co-founder of FTX Cryptocurrency Derivatives Exchange. Photo: Yuki Iwamura/Bloomberg
