[Reuters]- U.S. federal prosecutors late Wednesday is not going to instantly pursue 5 counts of overseas bribery, financial institution fraud and conspiracy in opposition to bankrupt crypto alternate FTX founder Sam Bankman-Fried. introduced no.
The fees weren’t included in Bankman-Fried’s first eight indictments final December centered on the chapter of FTX, however have been added after his extradition. FTX was primarily based within the Bahamas.
A court docket within the Bahamas on Tuesday quickly barred the federal government from agreeing to refer components of the legal case in opposition to Bankman-Fried to U.S. prosecutors.
In a court docket submitting Wednesday, U.S. Lawyer Damian Williams referred to as on Choose Lewis Kaplan to schedule trials within the 5 instances within the first quarter of 2024, citing uncertainty surrounding the Bahamas verdict.
Final month, US prosecutors in Manhattan introduced they might drop 5 indictments in opposition to the previous billionaire if the Caribbean nation disagreed.
If discovered responsible in a trial that begins on October 2, he might spend many years in jail.
U.S. District Choose Kaplan is scheduled to talk on Thursday.