Scams, crime and fraud
Haliey Welch charged with memecoin fraud
22-12-20242 min read
News - U.S. government drops charges against FTX founder
In the trial of FTX founder Sam Bankman-Fried, the U.S. government is dropping election interference charges.
There were 12 charges against FTX founder Sam Bankman-Fried. According to a document, the U.S. Department of Justice (DOJ) is withdrawing the charges related to alleged violations of campaign laws. As Bloomberg reports, the withdrawal of the charges came after consultations with the Bahamas, which disagrees with the charges. The U.S. made several concessions to the island nation last December to secure the FTX founder's extradition. Why the Bahamas refused to agree is unclear. The FTX founder is said to have enormous influence in the island nation, up to the highest levels.
Sam Bankman-Fried donated $93 million in stolen customer funds to US politicians.
— Watcher.Guru (@WatcherGuru) July 27, 2023
Today, the US Government dropped a political campaign finance criminal charge against SBF. pic.twitter.com/IJUwFbwjbO
The demise of SBF's crypto empire also caused a moderately severe political crisis in the US. The FTX founder donated a total of $93 million to US politicians, 40 million of which went to the Democratic Party, $5.2 million of which went directly to Joe Biden's election campaign. Bankman-Fried is currently out on bail. But that could change. Assistant US Attorney Danielle Sassoon recently asked that bail be revoked. The reason: SBF allegedly leaked intimate diary entries from his ex-girlfriend Caroline Ellison to the NY Times. She is testifying against him as a key witness in the trial.
