The Department of Justice (DOJ) dropped a campaign finance charge against disgraced former crypto tycoon Sam Bankman-Fried (SBF) on Wednesday night, according to a court document from the Southern District of New York.
Authorities assert that SBF, co-founder of bankrupt crypto exchange FTX, and its associates, utilized customer deposits for $90 million in campaign contributions to around 300 candidates or political action committees, according to The New York Times. The DOJ’s letter to the New York court states that it is not pursuing the charge because The Bahamas did not plan to extradite SBF to the U.S. on it.
Talk about a technicality.
🚨BREAKING: The U.S. Department of Justice Dropped Charges of Campaign Finance Violations Against Crypto Scammer FTX Founder Sam Bankman-Fried.
DOJ just sent a strong message that scamming people of millions is not a crime as long your donations end up supporting Democrats and… pic.twitter.com/g3gVwQrn0f
— I Meme Therefore I Am 🇺🇸 (@ImMeme0) July 27, 2023
h/t Mauser
