Sam Bnakman-Fried Sparking Buzz As Prosecutors Drop Remaining Charges Against

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The move is sparking criticism as prosecutors in the United States have decided not to proceed with further charges against bankrupt crypto mogul Sam Bankman-Fried in a letter to Lewis A. Kaplan, including allegations of foreign bribery and bank fraud. The sudden decision sparked disappointment in the crypto industry, with critics accusing the authorities of covering up one of the biggest political and crypto scandals in American history.

Robert F Kennedy weighed In

The decision to drop the charges against Sam Bankman comes with a lot of disagreements and criticism in the crypto industry, including from known potential personalities like presidential candidate Robert F. Kennedy and Coinbase’s Chief Legal Officer, who accused the authorities of attempting to cover up and hide major misconduct that was seen as a threat to the industry.

Dropped Charges by Authorities

Bankman made headlines in 2021 for his gigantic political donations, which included large sums given to both Democratic and Republican politicians. Now, dropped charges are the latest unexpected twist in a saga that includes foreign bribery, Bank fraud, and operating as an unlicensed money-transmitting business as well as substantive securities and commodities fraud.

According to the prosecutors, the charges of unlawful donations were already heard and covered in the evidence shown during SBF’s trial in October. They also asserted that they needed to step up with the case as The Bahamas had yet to answer the U.S.’s request for SBF’s prosecution on the additional charges.