Federal prosecutors on Thursday dropped another charge against FTX founder Sam Bankman-Fried.
The feds dropped a campaign finance charge against the crypto scammer and Democrat donor due to a ‘procedural failing.’
Sam Bankman-Fried, a 30-year-old Democrat darling, spent more than $40 million to fund the midterms with his Ponzi scheme through the crypto exchange he founded (FTX).
Up to $2 billion is ‘missing’ after FTX collapsed last year.
Sam Bankman-Fried is Biden’s second biggest donor and he was funneling money through Ukraine – and that money sent to Ukraine was in turn used to fund the Democrats.
This is our ‘justice system’ at work.
Sam Bankman-Fried is still facing wire fraud and securities fraud charges.
Prosecutors told the judge they were dropping the campaign finance charge because they “failed to obtain permission from the government of the Bahamas for that charge when Bankman-Fried was extradited from the island nation in December.” – CNBC reported.
Federal prosecutors dropped a campaign finance charge against Sam Bankman-Fried, the second time that they have narrowed the indictment against the founder of crypto exchange FTX
Prosecutors told Judge Lewis Kaplan on Wednesday that they were dropping the charge of conspiracy to make unlawful campaign contributions because they had failed to obtain permission from the government of the Bahamas for that charge when Bankman-Fried was extradited from the island nation in December.
The U.S. Attorney’s Office in Manhattan previously dropped another charge against him, for violating anti-bribery statutes, on the same grounds.
The moves narrow the criminal exposure of the former billionaire, who prosecutors allege conspired to defraud investors and customers out of billions. The alleged scheme precipitated the collapse of Bankman-Fried’s FTX and sent shockwaves throughout the crypto industry.
Sam Bankman-Fried was spotted walking out of a Manhattan courthouse after the campaign finance charge was dropped.
SBF didn’t say a word to the press as he was whisked away.
BREAKING: The Department of ‘Justice’ has dropped the campaign finance charge against crypto scammer Sam Bankman-Fried.
Get close with the Washington Uniparty and they will protect you every time.
Shortly after the collapse of FTX last December, Bankman-Fried was charged with… pic.twitter.com/ZmiX3u5FKy
— Collin Rugg (@CollinRugg) July 27, 2023