Prosecutors Offer To Drop Five Bankman-Fried Charges

USA – Federal prosecutors agreed to drop five of the 13 criminal charges against FTX Founder Sam Bankman-Fried if the court would set a second trial for those charges early next year.

The move is a small win for Bankman-Fried, who was initially charged with eight federal counts of fraud and conspiracy when he was extradited from The Bahamas in December.

Following his return to us shores, federal prosecutors tacked on five more charges. He has pleaded not guilty to all of them.