Sam Bankman-Fried will not face second trial after multibillion-dollar crypto fraud conviction
GuardianJAN 2 2024
Prosecutors Drop Plans for Second Trial of Bankman-Fried
Image copyright: Michael M. Santiago/Staff/Getty Images News via Getty Images
The Spin
Republican narrative
As the Biden administration opts to drop campaign finance charges against one of the main Democrat donors of 2022, it has become undeniable that America possesses a two-tiered justice system, with political allegiance playing a decisive role.
Democratic narrative
A second trial of SBF is simply not necessary, as proceedings would be based on duplicated evidence that can be considered in the judge's sentencing. In fact, a second trial would actually be counterproductive in the pursuit of justice because it would delay forfeiture and restitution orders for his victims.