No Trial over Corruption, Illegal Political Donations for Crypto Fraudster Bankman-Fried

News Snapshot:

A federal prosecutor in New York has decided against pursuing a second trial, this one over corruption and illegal political donations, against former crypto mogul Sam Bankman-Fried. The founder and CEO of the FTX cryptocurrency exchange platform, Bankman-Fried had been charged earlier with misappropriating billions of dollars of his clients’ funds without their consent. He was found guilty in early November of seven counts including fraud, conspiracy and money laundering. Bankman-Fried, who is widely known as SBF, will face up to 110 years in prison when Judge Lewis Kaplan pronounces sentence on March 28. A second trial, including charges that...