NEW YORK — A second trial of FTX founder Sam Bankman-Fried on prices not within the cryptocurrency fraud case introduced to a jury that convicted him in November shouldn’t be crucial, prosecutors advised a choose.
Prosecutors advised U.S. District Judge Lewis A. Kaplan in a letter Friday that proof at a second trial would duplicate proof already proven to a jury. They additionally mentioned it might ignore the “strong public interest in a prompt resolution” of the case, notably as a result of victims wouldn’t profit from forfeiture or restitution orders if sentencing is delayed.
They mentioned the choose can think about the proof that will be used at a second trial when he sentences Bankman-Fried on March 28 for defrauding prospects and traders of at the very least $10 billion.
Bankman-Fried, 31, who has been incarcerated since a number of weeks earlier than his trial, was convicted in early November of seven counts, together with wire fraud, wire fraud conspiracy and three conspiracy prices. He may face a long time in jail.
Last spring, prosecutors withdrew some prices that they had introduced towards Bankman-Fried as a result of the fees had not been accepted as a part of his extradition from the Bahamas in December 2022. They mentioned the fees might be introduced at a second trial to happen someday in 2024.
However, prosecutors on the time mentioned that they might nonetheless current proof to the jury on the 2023 trial in regards to the substance of the fees.
The prices that have been briefly dropped included conspiracy to make illegal marketing campaign contributions, conspiracy to bribe overseas officers and two different conspiracy counts. He additionally was charged with securities fraud and commodities fraud.
In their letter to Kaplan, prosecutors famous that they launched proof about the entire dropped prices throughout Bankman-Fried’s monthlong trial.
They mentioned authorities within the Bahamas nonetheless haven’t responded to their request to carry the extra prices at a second trial.
A lawyer for Bankman-Fried declined remark.
A conviction on the extra prices wouldn’t lead to a possible for an extended jail sentence for Bankman-Fried, prosecutors mentioned.
“Proceeding with sentencing in March 2024 without the delay that would be caused by a second trial would advance the public’s interest in a timely and just resolution of the case,” prosecutors wrote. “The interest in avoiding delay weighs particularly heavily here, where the judgment will likely include orders of forfeiture and restitution for the victims of the defendant’s crimes.”
Source: www.bostonherald.com”