SBF sees campaign finance charge dropped

Author

Jay Lutz
July 27, 2023

SBF sees campaign finance charge dropped

Federal prosecutors have made the decision to drop the campaign finance charge against cryptocurrency mogul Sam Bankman-Fried. The criminal case against him, which also included fraud charges, was initiated last December following the sudden collapse of his cryptocurrency exchange, FTX. Bankman-Fried was swiftly extradited to the United States from the Bahamas, where FTX was headquartered.

The prosecutors cited a court filing on Wednesday night, stating that they were informed by Bahamian officials that the government of the Bahamas did not intend to extradite Bankman-Fried on the campaign finance charge. As a result, the U.S. government, bound by treaty obligations, will not proceed to trial on this particular count.

“Accordingly, in keeping with its treaty obligations to The Bahamas, the Government does not intend to proceed to trial on the campaign contributions count,” US Attorney Damian Williams wrote to Judge Lewis Kaplan.

You can read more on the matter here.

Terra Balcanica operates in Bosnia and Serbia, two mining friendly yet under explored jurisdictions located in southeastern Europe where it acquired and is currently exploring a portfolio of high-grade polymetallic projects. The company has 90% interest in its flagship Viogor-Zanik Project in Bosnia and Herzegovina where it is conducting a phase two drill program.

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FULL DISCLOSURE: Terra Balcanica Resources is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Terra Balcanica Resources. The author has been compensated to cover Terra Balcanica Resources on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.