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The Independent UK
The Independent UK
National
Larry Neumeister

Prosecutors say there's no need for a second trial of FTX founder Sam Bankman-Fried

Copyright 2023 The Associated Press. All rights reserved.

A second trial of FTX founder Sam Bankman-Fried on charges not in the cryptocurrency fraud case presented to a jury that convicted him in November is not necessary, prosecutors told a judge Friday.

Prosecutors told U.S. District Judge Lewis A. Kaplan in a letter that evidence at a second trial would duplicate evidence already shown to a jury. They also said it would ignore the “strong public interest in a prompt resolution” of the case, particularly because victims would not benefit from forfeiture or restitution orders if sentencing is delayed.

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