Prosecutors will not file a second lawsuit against FTX founder – IT Pro – News


Very easy. The evidence has already been used and he has been found guilty. They could use the same evidence again in 5 other complaints, BUT he will probably get 100 to 115 years.

He was found liable for those 8 billion and he is in prison for the rest of his life. He will not see his early release, in fact he will die in captivity.

There is nothing left for the prosecutor to gain, the evidence has already been found to be indisputable, the rest is a formality to get even more years on his sentence, that formality will cost them a disproportionate amount of time and money.

The extradition conditions of the Bahamas only concerned the 7 complaints for which he has now been convicted. The 5 remaining complaints are quite complex because they concern corruption and fraud in the Bahamas. First they have to get the Bahamas to agree to prosecution, which in turn has implications for politics and officials in the Bahamas, so they won’t do that right away. Not as long as the current regime is in place.

The prosecutor chooses not to invest any more time and effort. There is simply nothing left to gain as far as SBF is concerned. That bit of corruption in the Bahamas will be a concern for officials in the Bahamas, but it looks like nothing will happen with it.

[Reactie gewijzigd door TechSupreme op 1 januari 2024 15:26]