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NEW YORK (AP) – Prosecutors say FTX founder Sam Bankman Fried will not need to be retried on charges different from the crypto fraud charges presented to the jury that convicted him in November. told the judge Friday.
Prosecutors said in a letter to U.S. District Judge Lewis A. Kaplan that the evidence in the second trial would overlap with evidence already shown to the jury. They also said it would ignore the “strong public interest in the speedy resolution” of cases, especially since victims would not benefit from confiscation or restitution orders if sentencing was delayed.
They said a judge could consider evidence used in the second trial when sentencing Bankman Fried on March 28 for defrauding customers and investors of at least $10 billion. .
Bankman Fried, 31, who has been in jail for weeks ahead of his trial, was found guilty in early November on seven charges, including wire fraud, wire fraud conspiracy and three counts of conspiracy. He could spend decades in prison.
Last spring, prosecutors dropped some of the charges against Bankman Freed because they were not approved as part of his extradition from the Bahamas in December 2022. He said charges could come in a second trial in 2024.
However, prosecutors at the time said they would continue to present evidence of the charges to a jury at trial in 2023.
The charges that were temporarily dropped included conspiracy to make illegal campaign contributions, conspiracy to bribe foreign officials, and two other conspiracy charges. He was also charged with securities fraud and commodity fraud.
In a letter to Kaplan, prosecutors noted that they had presented evidence on all charges that were dropped during Bankman Fried’s month-long trial.
They said Bahamian authorities have not yet responded to a request to file additional charges in a second instance.
Bankman Freed’s attorney declined to comment.
Prosecutors said there is no chance Bankman-Fried will receive a longer prison term if convicted on the additional charges.
“Release of sentence in March 2024 without delay by a second trial would further the public interest in a timely and fair resolution of the case,” prosecutors wrote. “The interest in avoiding delay is particularly important here, and the sentence is likely to include orders for forfeiture and restitution to the victims of the defendant’s crimes.”
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