Federal prosecutors told a Manhattan judge that they wouldn't pursue a campaign finance charge against FTX founder Sam Bankman-Fried after a procedural failing.
founder Sam Bankman-Fried late on Wednesday, the second time that they've been forced to forgo criminal allegations against the alleged fraudster.
The charge, conspiracy to make unlawful campaign contributions, could have added two to five years to Bankman-Fried's imprisonment if convicted. Federal prosecutors had alleged that Bankman-Fried funneled hundreds of millions of dollars in bipartisan campaign financing through two unnamed co-conspirators to avoid campaign contribution limits.
"The Government has been informed that The Bahamas notified the United States earlier today that The Bahamas did not intend to extradite the defendant on the campaign contributions count.
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