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DOJ dismisses campaign finance charge against Democratic megadonor, accused of fraud.

The⁣ Department of Justice‌ Drops Campaign Finance Charge Against Disgraced Former Crypto Tycoon

The Department of Justice (DOJ) has dropped⁢ a campaign finance charge against Sam Bankman-Fried,‍ the co-founder of bankrupt crypto exchange FTX, according to a court document from the Southern District of New York.

Bankman-Fried ‍and‌ his associates were accused of using customer deposits to make $90 million in campaign contributions to around 300 candidates or political‌ action committees, as reported by The New⁣ York Times.

The DOJ’s letter to the New York court states that the charge is ‍being dropped because the Bahamas, where Bankman-Fried is currently located, does not plan to extradite ‍him ‍to the U.S. for this specific⁣ charge.

Bankman-Fried had⁣ contributed nearly $39 million ​to Democrat-aligned causes, making him the second-largest individual ‌donor during ​the 2022 midterm⁤ election cycle, according to an analysis⁢ of Federal Election ‌Commission data by The Washington Post.

Bankman-Fried was extradited from the‍ Bahamas to the U.S. in December after ⁣FTX collapsed, as reported by the Times. He has since been confined to his parents’ California residence on a $250 million bond, according to NPR.

Prosecutors have⁤ requested that Bankman-Fried be detained in jail until his trial scheduled for October, as reported by NPR. The judge​ has also placed a gag order on Bankman-Fried due to allegations of tampering with witnesses by leaking his former girlfriend ‌and FTX business‌ partner Caroline Ellison’s diary⁢ entries, according to CNN.

The DOJ​ and Bankman-Fried’s attorney have not yet responded to requests⁤ for⁢ comment from the Daily Caller News Foundation.

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The post DOJ Drops Campaign Finance Charge Against Dem Megadonor, Alleged Fraudster appeared⁢ first on The Western Journal.



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