by Chris Black
You are invited to believe in “the rule of law.”
Federal prosecutors pursuing the criminal case against cryptocurrency mogul Sam Bankman-Fried said on Wednesday that they were dropping a charge that Mr. Bankman-Fried violated campaign finance rules.
A spokesman for Mr. Bankman-Fried declined to comment. A spokesman for the U.S. attorney’s office in the Southern District of New York, which is prosecuting the case, did not respond to a request for comment.
In total, Mr. Bankman-Fried is now set to face seven charges at his trial in October, including accusations that he defrauded customers and lenders of FTX. Prosecutors have argued that he orchestrated a sweeping fraud, siphoning billions of dollars that customers had deposited with FTX to finance campaign contributions, charitable donations and real estate purchases. …
In an all too convenient turn of events⬇️
The U.S. DOJ dropped charges of campaign finance violations against Sam Bankman Fried, the infamous Democrat donor, crypto scammer, & FTX founder.
We literally had our basketball arena renamed here in Miami because of the clown show… pic.twitter.com/9cB8RoK6AP
— Ty’s Tough Talk🇺🇸 (@toughtalkty) July 27, 2023
🚨🚨Huge money-in-politics news.
The Southern District of New York is dropping its federal prosecution of Sam Bankman-Fried on campaign-finance charges, per new letter from prosecutors.
“The Government does not intend to proceed to trial on the campaign contributions count.”… pic.twitter.com/lnJ25NcB6M
— Teddy Schleifer (@teddyschleifer) July 27, 2023
I would expect civil lawsuits to lead to discovery, which will open a lot of this up, but way too late as always to change anything.