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The Independent UK

National

Gustaf Kilander

Sam Bankman-Fried will not face a second fraud trial, DoJ announces

DOJ Sam Bankman-Fried Damian Williams Department of Justice FTX

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Sam Bankman-Fried won’t face another fraud trial, the Department of Justice has announced.

The former leader of crypto trading firm FTX, who was facing additional fraud charges in connection to illicit campaign donations, was found guilty on seven counts in November. On Friday, US Attorney Damian Williams said in a legal filing that DoJ wouldn’t be seeking a second trial.

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