{"id":6895,"date":"2023-12-30T00:56:42","date_gmt":"2023-12-30T00:56:42","guid":{"rendered":"http:\/\/thisbiginfluence.com\/?p=6895"},"modified":"2023-12-30T00:56:42","modified_gmt":"2023-12-30T00:56:42","slug":"sam-bankman-fried-will-not-face-a-second-trial-us-prosecutors-decide-world-news","status":"publish","type":"post","link":"https:\/\/thisbiginfluence.com\/?p=6895","title":{"rendered":"Sam Bankman-Fried will not face a second trial, US prosecutors decide | World News"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<div class=\"detail\">\n<p>US prosecutors mentioned on Friday they don&#8217;t plan to proceed with a second trial towards Sam Bankman-Fried, who was convicted final month of stealing from prospects of his now-bankrupt FTX cryptocurrency trade.<\/p>\n<figure> <amp-img alt=\"\" src=\"https:\/\/www.hindustantimes.com\/ht-img\/img\/2023\/12\/29\/550x309\/BOY2023-0_1703894229622_1703894291400.jpg\" width=\"355\" height=\"199\" layout=\"responsive\"> <\/amp-img><figcaption> Sam Bankman-Fried, co-founder of FTX Cryptocurrency Derivatives Change.(Bloomberg) <\/figcaption><\/figure>\n<section amp-access=\"NOT userSubscribed AND NOT usCountry\"> <template amp-access-template=\"\" type=\"amp-mustache\"> {{^userSubscribed}}  {{\/userSubscribed}} <\/template> <\/section>\n<section amp-access=\"NOT userSubscribed AND usCountry\"> <template amp-access-template=\"\" type=\"amp-mustache\"> {{^userSubscribed}}  {{\/userSubscribed}} <\/template> <\/section>\n<p>In a letter filed in federal court docket in Manhattan, prosecutors mentioned the robust public curiosity in a immediate decision of the case outweighed the advantages of a second trial.<\/p>\n<div class=\"mt10 mb10\">Wrap up the yr passed by &amp; gear up for 2024 with HT! <a class=\"whatsappChannelsSecondPara\" href=\"https:\/\/www.hindustantimes.com\/2024-planner-guide-and-2023-top-events-recap\">Click here<\/a><\/div>\n<p>They mentioned that curiosity &#8220;weighs significantly closely right here,&#8221; provided that Bankman-Fried&#8217;s scheduled March 2024 sentencing will seemingly embrace orders of forfeiture and restitution for victims of his crimes.<\/p>\n<p>It additionally mentioned a lot of the proof that might be supplied at a second trial was already offered on the first trial.<\/p>\n<p>Legal professionals for Bankman-Fried didn&#8217;t instantly reply to requests for remark.<\/p>\n<p>Jurors on Nov. 2 convicted Bankman-Fried on all seven counts he confronted, after prosecutors accused him of looting $8 billion from FTX prospects out of sheer greed.<\/p>\n<p>The decision got here almost one yr after FTX filed for chapter, in a meltdown that shook markets and erased Bankman-Fried&#8217;s once-$26 billion private fortune. <\/p>\n<section amp-access=\"NOT userSubscribed AND NOT usCountry\"> <template amp-access-template=\"\" type=\"amp-mustache\"> {{^userSubscribed}}  {{\/userSubscribed}} <\/template> <\/section>\n<section amp-access=\"NOT userSubscribed AND usCountry\"> <template amp-access-template=\"\" type=\"amp-mustache\"> {{^userSubscribed}}  {{\/userSubscribed}} <\/template> <\/section>\n<div class=\"followHT\"> Unlock a world of Advantages with HT! From insightful newsletters to real-time information alerts and a customized information feed \u2013 it is all right here, only a click on away! &#8211; <a href=\"https:\/\/accounts.hindustantimes.com\/?type=plain&amp;ref=ht&amp;funnel_entry=end_of_article&amp;cta=end_of_article&amp;is_premium=false\">Login Now!<\/a> Get Newest <a href=\"https:\/\/www.hindustantimes.com\/world-news\">World News<\/a> together with <a href=\"https:\/\/www.hindustantimes.com\/latest-news\">Latest News<\/a> from <a href=\"https:\/\/www.hindustantimes.com\/india-news\">India<\/a> at Hindustan Occasions.<\/div>\n<p>  <!-- slideSection about-authors Section -->  <\/div><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.hindustantimes.com\/world-news\/sam-bankman-fried-will-not-face-a-second-trial-us-prosecutors-decide-101703894151815-amp.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>US prosecutors mentioned on Friday they don&#8217;t plan to proceed with a second trial towards Sam Bankman-Fried, who was convicted final month of stealing from prospects of his now-bankrupt FTX cryptocurrency trade. Sam Bankman-Fried, co-founder of FTX Cryptocurrency Derivatives Change.(Bloomberg) {{^userSubscribed}} {{\/userSubscribed}} {{^userSubscribed}} {{\/userSubscribed}} In a letter filed in federal court docket in Manhattan, prosecutors [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6897,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[3281,6074,4126,328,1866,3280,519,251],"class_list":["post-6895","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-bankmanfried","tag-decide","tag-face","tag-news","tag-prosecutors","tag-sam","tag-trial","tag-world"],"_links":{"self":[{"href":"https:\/\/thisbiginfluence.com\/index.php?rest_route=\/wp\/v2\/posts\/6895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thisbiginfluence.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thisbiginfluence.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thisbiginfluence.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thisbiginfluence.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6895"}],"version-history":[{"count":0,"href":"https:\/\/thisbiginfluence.com\/index.php?rest_route=\/wp\/v2\/posts\/6895\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thisbiginfluence.com\/index.php?rest_route=\/wp\/v2\/media\/6897"}],"wp:attachment":[{"href":"https:\/\/thisbiginfluence.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thisbiginfluence.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thisbiginfluence.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}