Charges against Sam Bankman-Fried for allegedly defrauding a bank, running an unlawful money transfer business, and buying Chinese government officials may be dropped.
Some of the accusations against former FTX CEO Sam Bankman-Fried may be dropped, according to US authorities, but only if the Bahamas government complains. This information was made public in a document submitted on May 29th to the Southern District of New York’s U.S. District Court. The paper served as a response to a defense motion submitted on May 8th that asked for the dismissal of some of Bankman-Fried’s accusations.
Dismissal of Certain Charges
Four allegations, including bribery of Chinese officials and breaking campaign finance regulations, were allegedly left out of the initial indictment that served as the foundation for Bankman-Fried’s extradition, according to the defense. They argued that these supplementary charges should be dropped because they breached the extradition agreement between the Bahamas and the United States.
However, these charges will not be levied against him if the Bahamas does not grant the waiver:
“The Government will proceed on the new charges in the S5 Indictment if The Bahamas consents to trial on these charges, and will not proceed on those counts if The Bahamas denies the Government’s request.”
The three charges that require a waiver from the Bahamas include conspiracy to commit bank fraud (Count 9), conspiracy to operate an unlicensed money-transmitting business (Count 10) and conspiracy to violate the Foreign Corrupt Practices Act (Count 13).
Treaty and Additional Charges
Prosecutors argued in response that the treaty does not bar them from filing new accusations after extradition, so long as the defendant is not “detained, tried, or punished” for them without the approval of the extraditing nation. The prosecution is currently asking the Bahamas for a specialized waiver, which would enable them to move forward with three of the four offenses that the defense contested.
The conclusion of this legal wrangling is still up in the air because it depends on how the Bahamas government responds to the suggested charges. The case emphasizes the difficulties and factors that must be taken into account in extradition agreements and international legal proceedings, emphasizing the delicate balance between justice and global collaboration in the pursuit of legal actions against people.
A hearing on the motion to dismiss is scheduled for June 15th.