FTX Founder Sam Bankman-Fried Spared From Second Trial

The government will not seek a second trial on temporarily dropped charges against the FTX founder Sam Bankman-Fried, prosecutors told the federal judge on Friday. All evidence has already been presented before the judge, and a second trial will not change the potential jail time for the disgraced cryptocurrency entrepreneur, the prosecutors said. “The Government respectfully submits this letter to provide notice to the Court and the defendant that it does not plan to proceed with a second trial in the above-captioned matter. As explained below, much of the evidence that would be offered in a second trial was already offered in the first trial and can be considered by the Court at the defendant’s March 2024 sentencing. Given that practical reality, and the strong public interest in a prompt resolution of this matter, the Government intends to proceed to sentencing on the counts for which the defendant was convicted at trial,” the prosecutors wrote in a letter to Judge Lewis Kaplan....