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the US Department of Justice has decided not to pursue a second trial against Sam bankman fried the disgraced founder of FTX one of the worldamp;#39;s largest cryptocurrency exchanges bankman fried 31 was found guilty on November 2nd of seven counts of fraud conspiracy and money laundering in what prosecutors called one of the biggest Financial frauds in American history he faces up to 110 years in prison at his sentencing scheduled for March 28th 2024 a second trial originally set for March 11th 2024 would have added six more charges including bank fraud bribery and operating an unlicensed money transfer business prosecutors said they dropped the case in the interest of the victims who want a quicker resolution to the first trial sentencing phase the decision Drew criticism from some observers who accused the doj of covering for the Deep state by not holding bankman fried accountable for his illegal political donations
