On Thursday, federal prosecutors decided to drop one more charge against FTX founder Sam Bankman-Fried (SBF)
The campaign finance charge against the crypto scammer and Democrat mega-donor was dismissed due to a “procedural failing.”
SBF, a 30-year-old prominent Democrat supporter, stole $40 million from his crypto exchange, FTX, to fund the Democrats during the midterm elections.
As much as $2 billion is reported as “missing” following the collapse of FTX last year.
SBF, the second biggest donor to Biden, was funneling money through Ukraine, which was then used to fund the Democrats.
For now, he is still facing wire fraud and securities fraud charges.
CNBC reported:
Federal prosecutors dropped a campaign finance charge against Sam Bankman-Fried, the second time that they have narrowed the indictment against the founder of crypto exchange FTX
Prosecutors told Judge Lewis Kaplan on Wednesday that they were dropping the charge of conspiracy to make unlawful campaign contributions because they had failed to obtain permission from the government of the Bahamas for that charge when Bankman-Fried was extradited from the island nation in December.
The U.S. Attorney’s Office in Manhattan previously dropped another charge against him, for violating anti-bribery statutes, on the same grounds.
The moves narrow the criminal exposure of the former billionaire, who prosecutors allege conspired to defraud investors and customers out of billions. The alleged scheme precipitated the collapse of Bankman-Fried’s FTX and sent shockwaves throughout the crypto industry.
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