Sam Bankman-Fried to have campaign donation charge dropped: Prosecutors

United States prosecutors have signified they will drop a charge versus FTX co-founder Sam Bankman-Fried, which had actually declared he conspired to make unlawful campaign contributions.In a July 26 letter to District Court Judge Lewis Kaplan, U.S. Attorney Damian Williams stated the federal government was notified by The Bahamas that it did not consent to extradite Bankman-Fried on the charge and district attorneys would not carry it forward to trial. “The Bahamas did not plan to extradite the offender on the campaign contributions count,” Williams composed in the letter. “In keeping with its treaty obligations to The Bahamas, the Government does not plan to continue to trial on the campaign contributions count.”Excerpt of Williams letter submitted to the court supplying an update on the charge. Source: CourtListenerBankman-Fried previously objected to the charge saying it was made after his extradition from The Bahamas and was not part of the original agreement.Related: Take it seriously– Sam Bankman-Fried warned as prosecutors press to revoke bail: ReportThe federal government divided the charge, alongside others, into a different trial slated to take place in March 2024. Bankman-Fried likewise faces a criminal trial in October.After the charge is dropped the previous FTX chief will face 12 charges which consist of accusations of scams and fraud conspiracy, cash laundering and paying off Chinese officials. Web3 Gamer: Ethical SBF video game axed, Web3 games sign-up process sucks, Tomb ChaserThis is a developing story, and additional details will be added as it becomes available.