Sam Bankman-Fried Narrowly Avoids Additional Trial

December 30, 2023 1:55 pm Comments

The case of Sam Bankman-Fried has become a hot-button political issue—especially for conservative Americans.

Fried is accused of being at the center of a complex web of money laundering that involves the Democrat Party and Ukraine, though he acted as a political donor for both Democrats and Republicans.

SBF was widely reported to have given $119 million in political donations and was among the top donors to both parties in Washington DC.

U.S. prosecutors originally had plans to prosecute the former CEO on 6 charges of illegal campaign contributions, but those plans have since been rescinded; Sam Bankman-Fried will not be facing a second trial for this. Political pundit and journalist Collin Rugg remarked:

“The U.S. government is dropping six charges against crypto scammer Sam Bankman-Fried including campaign finance violations and conspiracy to commit bribery charges.

Making bribes with stolen money is fine as long as that money is going to U.S. politicians. SBF donated $100 million during the 2022 midterms, pouring tens of millions into dark money groups with customers’ funds.

Some of these groups were linked to Senate leaders including Mitch McConnell and Chuck Schumer. Here is Maxine Waters blowing him a kiss.”

Charlie Kirk echoed Collin Rugg: “The SBF case became too high-profile for the DOJ to completely ignore, but they made sure laundering $100 million of customers’ money to Schumer, Biden, and McConnell and other dark money groups would never blow back on the “elite.” Trump faces 700 years in federal prison, but America’s uniparty cabal just gave themselves a get out of jail free card. You’re witnessing DC corruption in realtime.”

According to Crypto Slate:

SBF was expected to be prosecuted on six additional charges in a separate trial. The charges included unlawful political campaign contributions, while a superseding indictment in March 2023 added charges of conspiracy to bribe foreign officials, conspiracy to commit bank fraud, conspiracy to operate an unlicensed money-transmitting business, as well as substantive securities and commodities fraud.

Rogan O’Handley also commented: “This is insane corruption. FTX snowplowed millions of dollars into Democrat campaign accounts. DOJ separated campaign finance charges from his fraud trial. Now after being convicted for fraud, they’re dropping the 2nd trial for campaign finance crimes. Would’ve implicated too many Dems and RINOs. I know our gov’t is corrupt but sometimes things like this surprise even me.”

Daily Coin clarified:

The decision not to pursue the additional charges does not mean SBF is off the hook for the unlawful political contributions. FTX, the cryptocurrency exchange SBF founded, is reportedly considering legal action to recoup the contributions.

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