Federal prosecutors with Democrat President Joe Biden’s Department of Justice (DOJ) have dropped the campaign finance charge against former FTX CEO Sam Bankman-Fried – the Democratic Party’s second-largest donor after George Soros.
In a stunning move on Thursday, Biden’s weaponized feds informed a New York City judge yet another charge was being dropped against the crypto scammer because of a “procedural failing.”
30-year-old Bankman-Fried spent more than $40 million to fund Democrats during the midterms.
Bankman-Fried pumped cash to Democrat candidates and causes using his Ponzi scheme through FTX, the cryptocurrency exchange he founded.
Up to $2 billion in customer funds is still “missing” after FTX imploded last year.
As Slay News has previously reported, Bankman-Fried is Biden’s second biggest donor after Soros.
He was also laundering money through Ukraine using his cryptocurrency exchange.
Billions of dollars in taxpayer-funded aid that was sent to Ukraine was laundered through the exchange and then funneled back into Democrat election campaigns, as Slay News first reported last year.
After the latest charge was dropped, Bankman-Fried’s criminal exposure has been significantly reduced.
He is still facing wire fraud and securities fraud charges, however, for now at least.
According to CNBC, DOJ prosecutors told the judge they were dropping the campaign finance charge because they “failed to obtain permission from the government of the Bahamas for that charge when Bankman-Fried was extradited from the island nation in December.”
This is now the second time that federal prosecutors have narrowed the indictment against Bankman-Fried, CNBC reported.
Prosecutors told Bill Clinton-appointed Judge Lewis Kaplan on Wednesday that they were dropping the charge of conspiracy to make unlawful campaign contributions.
The U.S. Attorney’s Office in Manhattan previously dropped another charge against him, for violating anti-bribery statutes, on the same grounds.
The moves narrow the criminal exposure of the former billionaire, who prosecutors allege conspired to defraud investors and customers out of billions.
The alleged scheme precipitated the collapse of Bankman-Fried’s FTX and sent shockwaves throughout the crypto industry.
Sam Bankman-Fried was spotted walking out of a Manhattan courthouse after the campaign finance charge was dropped.
He didn’t say a word to the press as he was whisked away, a free man.
BREAKING: The Department of ‘Justice’ has dropped the campaign finance charge against crypto scammer Sam Bankman-Fried.
Get close with the Washington Uniparty and they will protect you every time.
Shortly after the collapse of FTX last December, Bankman-Fried was charged with… pic.twitter.com/ZmiX3u5FKy
— Collin Rugg (@CollinRugg) July 27, 2023