Just when you think the crimes of the liberal-left could not get any bigger. Disgraced FTX founder and Democrat super donor, Sam Bankman-Fried, is trying to wiggle his way out of his charges. Bankman-Fried’s lawyers are throwing everything and the kitchen sink to get their client out of the hole he dung himself in.
Let’s first get a recap on the latest pending trial for the failed FTX founder:
In the latest development, Bankman-Fried’s lawyers have requested that the court dismiss 10 of the 13 charges against him. They argue that these charges do not properly state an offense and should therefore be dismissed.
The charges that Bankman-Fried’s lawyers are seeking to have dismissed include two counts of wire fraud, four counts of money laundering, and four counts of campaign finance law violations. The remaining three charges are for conspiracy, and his lawyers have not asked for these to be dismissed.
Bankman-Fried’s legal team argues that the charges of money laundering and wire fraud are not properly supported by the evidence presented by the government. They also argue that the charges of campaign finance law violations are based on a misunderstanding of the law.
The government, on the other hand, argues that the evidence against Bankman-Fried is strong and that the charges are supported by the evidence. They allege that Bankman-Fried paid bribes to a Chinese government official in order to receive preferential treatment for his business.
The trial is set to begin in October, and Bankman-Fried could face up to 20 years in prison if convicted on all charges.
While Bankman-Fried awaits trial, his bankrupt cryptocurrency exchange, FTX, has been working to recover from its collapse in November of 2022. The exchange suffered a major shortfall of up to $8 billion from withdrawal requests and needed emergency funding. Bankman-Fried’s hedge fund, Alameda Research, also shut down around the same time.
FTX has since recovered more than $7.3 billion in assets and is working to restart its business by allowing customers to trade crypto again. However, the question remains as to whether anyone will trust the company founded by a disgraced and indicted cryptocurrency executive.
As the trial of Sam Bankman-Fried approaches, the cryptocurrency world is watching closely. Bankman-Fried, a once rising star in the industry and a major donor to Democratic causes, has been accused of a range of serious crimes, it’s only fitting that he tries to wiggle himself out of the crime in classic democrat fashion. If he is not charged, Americans and all that were harmed by his scam will certainly realize just how corrupt democrats are.