In a surprising turn of events, a US court has decided against proceeding with a second trial for former FTX Group chief, Sam Bankman-Fried. The charges against him, which includes bribery, bank fraud, and operating an unlicensed business, were originally filed by prosecutors in the Bahamas. However, US District Judge Lewis Kaplan ruled against holding the second trial.
The decision comes as a relief to Bankman-Fried, who was extradited from the Bahamas to the United States to face these allegations. A court spokesperson stated that the judge will consider the charges from the Bahamian prosecutors during Bankman-Fried’s final sentencing, which is scheduled for March 28th next year.
It’s worth noting that Bankman-Fried had already been found guilty of all the charges in the original trial. As a result, he could potentially face up to 115 years in prison.