The FTX Gigafraud

[Aaron44126]

Best I can tell, there is an "issue" relating to the extradition from The Bahamas being tied to the seven charges that were the subject of the original trial and The Bahamas not responding to a request to allow them to pursue additional charges (which will prevent the second trial from starting), and also the SBF lawyer team asking the Judge Kaplan to delay sentencing until the second trial is completed so that sentencing can be determined based on "all relevant conduct".  Given that he is pretty well damned after the outcome of the first trial, and that the sentencing guidelines would be the same even if he were convicted at the second trial, dropping the second may be the best way to keep things from being held up for an indefinite period of time.

[Etern4l]

SBF lawyers would certainly submit whatever they can, although the time to submit relevant evidence was during the trial.

 

The prosecutor’s office would have been unlikely to even initiate a weak secondary case.

 

Ted Bundy’s trials spring to mind here. He was tried and sentenced to death in Florida, then a second trial followed.

 

There are two issues with a single trial: 1. The injustice involved 2. A risk he manages to successfully appeal and walk scot-free, get a retrial / reduced sentence etc.

 

Noted an interesting point from YT commentariat: the second trial was supposed to revolve around or involve the topic of p… donations. The plot is thickening.

 

/. got it right. “SBF Spared a Second Trial”. It’s not a good look and compromises DoJ’s integrity, even though the second trial would potentially result in unwelcome blowback. They should be apolitical otherwise this will just fuel the populist narrative.

 

https://m.slashdot.org/story/423277

[Aaron44126]

25 years.

https://arstechnica.com/tech-policy/2024/03/ftx-fraudster-sam-bankman-fried-sentenced-to-25-years-in-prison/

https://www.npr.org/2024/03/28/1241210300/sam-bankman-fried-ftx-sentencing-crimes-crypto-mogul-greed

[Etern4l]

For reference: Madoff got 150 years, although - granted for an even larger scam.