Federal prosecutors said Tuesday that they are still planning to charge FTX founder Sam Bankman-Fried with campaign finance violations.
Federal prosecutors said Tuesday they will incorporate campaign finance charges into Sam Bankman-Fried's existing indictment.
Bankman-Fried is accused of orchestrating a multibillion-dollar fraud while running crypto exchange FTX. Bankman-Fried faces decades in prison if convicted on the original seven-count indictment, which centers around an alleged multibillion-dollar fraud against FTX investors. However, the government had been forced to drop additional allegations of campaign finance fraud in July because of the terms of the U.S. extradition treaty with the Bahamas, where Bankman-Fried and his company were based.
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