Sam Bankman-Fried: Convicted 'Crypto King' will not face second trial - BBC News

Sam Bankman-Fried is already facing decades behind bars on fraud and money laundering charges.

13 hours agoShareclose panelShare pageCopy linkAbout sharingImage source, ReutersImage caption, The former billionaire was found guilty of fraud and money laundering last monthBy George WrightBBC NewsSam Bankman-Fried, who once ran one of the world's biggest cryptocurrency exchanges and is facing decades in jail, will not face another trial, US prosecutors say.

The 31-year-old was found guilty of fraud and money laundering last month.

Prosecutors said the "strong public interest" in a resolution of their case against the former billionaire outweighed benefits of a second trial.

He had faced six charges that had been separated from his first trial.

These included campaign finance violations, conspiracy to commit bribery, and conspiracy to operate an unlicensed money transmitting business.

https://www.bbc.co.uk/news/world-us-canada-67846711?at_medium=RSS&at_campaign=KARANGA

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