A District Judge ordered a separate trial for the Department of Justice’s charges against Sam Bankman-Fried, which were added following his extradition to the U.S. ---
FTX founder Sam Bankman-Fried now faces two criminal trials ***
Staff Member
Friday 16th of June 2023 01:10:00 PM 2 min readThe charge split comes as DOJ prosecutors requested a waiver from Bahamian authorities to try Bankman-Fried on the five additional charges they imposed after his extradition from the country.
Lawyers for the FTX co-founder attempted to dismiss those charges, saying he could not be tried on charges made after the extradition.
On June 14, DOJ lawyers said they would proceed to try Bankman-Fried on the original eight charges they leveled against him citing a potentially lengthy process if the court was to wait for the approval of a motion filed by Bankman-Fried in The Bahamas.
The new trial in March will focus on the charges of bribery conspiracy, conspiracy to operate an unlicensed money-transmitting business, bank fraud conspiracy along with derivatives and securities fraud.
The other charges relate to various wire, derivates, and securities fraud and conspiracy allegedly carried out at FTX and Alameda Research, along with accusations of money laundering.
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