FTX founder Sam Bankman-Fried still faces campaign finance charges, prosecutors say

Campaign concern charges against Sam Bankman-Fried are inactive connected the array and volition beryllium included successful an indictment adjacent week against the laminitis of failed crypto speech FTX, prosecutors said successful a missive to a Manhattan national justice connected Tuesday.

Bankman-Fried faces decades successful situation if convicted connected the archetypal seven-count indictment, which centers astir an alleged multibillion-dollar fraud against FTX investors. However, the authorities had been forced to driblet further allegations of run concern fraud successful July due to the fact that of the presumption of the U.S. extradition pact with the Bahamas, wherever Bankman-Fried and his institution were based.

The U.S. Attorney's Office for the Southern District of New York present says that the forthcoming indictment "will marque wide that Mr. Bankman-Fried remains charged with conducting an amerciable run concern scheme." The authorities volition incorporated it wrong two of the charges that are inactive lasting —‎ ligament fraud and wealth laundering.

The pact with Bahamas prevents prosecutors from adding further charges against idiosyncratic who has been extradited without archetypal getting support from the different government. The U.S. authorities had asked the Bahamas to extradite Bankman-Fried connected a seven-count indictment. But prosecutors didn't get clearance from the Bahamas to adhd further charges of run concern and bribery to Bankman-Fried's indictment.

Bankman-Fried is accused of conspiring to launder lawsuit wealth to concern his lavish manner power politicians. His proceedings is expected to statesman successful October, which would beryllium 11 months aft FTX filed for bankruptcy.

A spokesperson for Bankman-Fried declined to comment.

— CNBC's Dawn Giel contributed to this report.

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