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U.S. Presidential contender Robert F. Kennedy Jr. has voiced his shock and concern over the U.S. government’s decision to withdraw six charges against Sam Bankman-Fried, the embattled founder of crypto exchange FTX. Presidential hopeful Kennedy Jr. took to X to share his views on the development, highlighting that charges against Bankman-Fried for allegedly donating $100 million in stolen customer funds to various politicians have been dropped. He emphasized the lack of public surprise at this decision as indicative of a deeper problem of normalized corruption within the U.S. government. No one is even surprised. THAT is a bigger problem than the fraud itself. It shows how normalized corruption has become. https://t.co/g9QrScuCJx — Robert F. Kennedy Jr (@RobertKennedyJr) December 31, 2023 Earlier last year, crypto.news reported on the U.S. government’s campaign finance charges against Bankman-Fried, alleging that he directed two former FTX executives to channel over $100 million to certain political candidates. This was supposedly done to bypass legal campaign limits and support pro-crypto industry politicians. The indictment from Aug. 14 detailed how Bankman-Fried used his influence to lobby Congress and regulatory agencies for favorable crypto regulations and legislation. United States prosecutors, led by U.S. Attorney for the Southern District of New York Damian Williams, have decided not to pursue several remaining charges against Bankman-Fried, including foreign bribery, bank fraud, and unlawful political donations. This decision was partly influenced by a dispute with the Bahamas over Bankman-Fried’s extradition and the fact that evidence for some charges had already been presented during his original trial. Bankman-Fried was found guilty on all seven counts of fraud and conspiracy related to FTX and Alameda Research. Prosecutors aim to proceed with sentencing in March 2024 without the delays of a second trial, citing the public interest in a timely and just resolution. Consequently, some details…

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Filed under: News - @ January 1, 2024 8:10 am