US prosecutors said on Friday they did not plan to proceed with a second trial of Sam Bankman-Fried, who was convicted last month of stealing from clients of his now-bankrupt FTX cryptocurrency exchange.
In a letter filed in federal court in Manhattan, prosecutors said a strong public interest in a quick resolution of the case outweighed the benefits of a second trial.
They said that benefits are “very heavy here,” given that Bankman-Fried’s scheduled sentencing in March 2024 will likely include forfeiture and restitution orders for victims of his crimes.
Prosecutors said most of the evidence to be offered at the second trial had already been presented at the first trial. Reuters
Bankman-Fried stood with her attorney after the verdict was read on Nov. 2. Reuters
It also said most of the evidence to be offered at the second trial had already been presented at the first trial.
An attorney for Bankman-Fried did not immediately respond to a request for comment.
A jury on Nov. 2 convicted Bankman-Fried of all seven charges he faced, after prosecutors accused him of stealing $8 billion from FTX customers out of sheer greed.
The decision comes nearly a year after FTX filed for bankruptcy, in a meltdown that rocked markets and wiped out Bankman-Fried’s personal fortune, once worth $26 billion.
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Source: thtrangdai.edu.vn/en/
