1 year ago
The U.S. Department of Justice inactive plans to reason that Sam Bankman-Fried conducted an "illegal run finance" strategy erstwhile it goes to proceedings successful October, prosecutors said successful a missive Tuesday, 2 weeks aft saying they couldn't bring a run concern complaint against the FTX laminitis owed to pact obligations.
Prosecutors volition record a superseding indictment adjacent week bringing 7 charges against Bankman-Fried for the October trial, the missive said. Each of these charges volition beryllium from the archetypal indictment, excluding lone a run concern complaint that the DOJ dropped to comply with the U.S.'s extradition pact with the Bahamas.
However, the DOJ plans to fold the run concern allegations into a ligament fraud charge, the missive addressed to Judge Lewis Kaplan said.
"The superseding indictment volition marque wide that Mr. Bankman-Fried remains charged with conducting an amerciable run concern strategy arsenic portion of the fraud and wealth laundering schemes primitively charged," the DOJ said, adding that the usage of lawsuit deposits for campaigns autumn into the ligament fraud allegations brought successful the archetypal indictment.
"And arsenic portion of the primitively charged wealth laundering scheme, the suspect besides concealed the root of his fraudulent proceeds done governmental straw donations," the DOJ said. "As the Government volition outline successful its forthcoming motions successful limine, the grounds of the defendant’s run concern behaviour is admissible astatine proceedings arsenic nonstop impervious of the Trial Charges."
Bankman-Fried is presently acceptable to spell connected proceedings connected Oct. 2, 2023, with different proceedings scheduled for March 2024 for further charges brought crossed aggregate superseding indictments.
English (US) 