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Prosecutors: Sam Bankman-Fried Will Not Face a Second Trial
U.S. prosecutors said Friday they do not plan to proceed with a second trial against Sam Bankman-Fried, who was convicted last month of stealing from customers of his now-bankrupt FTX cryptocurrency exchange.
In a letter filed in federal court in Manhattan, prosecutors said the strong public interest in a prompt resolution of the case outweighed the benefits of a second trial.
They said that interest "weighs particularly heavily here," given that Bankman-Fried's scheduled March 2024 sentencing will likely include orders of forfeiture and restitution for victims of his crimes.
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More: https://www.newsmax.com/newsfront/bankman-fried-federal-prosecutors/2023/12/29/id/1147648/