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International Business Times
International Business Times
Business
Nica Osorio

Is Bankman-Fried The Luckiest One? DOJ Reveals Plan To Not Pursue Additional Charges

DOJ SBF SEC Sam Bankman-Fried MIT Caroline Ellison John Deaton United States

KEY POINTS

  • Bankman-Fried's camp asked the court to delay the sentencing process last month, citing a potential second trial in March
  • SBF currently faces over 100 years in prison after being convicted on seven counts of fraud
  • His sentencing is on March 28

The U.S. Department of Justice's decision to not pursue additional charges against Sam Bankman-Fried, who was found guilty of seven counts of fraud in November, has received widespread criticism from prominent figures within the cryptocurrency space.

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