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Prosectors say no need to hold second trial of FTX founder

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FILE - FTX founder Sam Bankman-Fried leaves Manhattan federal court, June 15, 2023, in New York. A second trial of Bankman-Fried on charges not in the cryptocurrency fraud case presented to a jury that convicted him in Nov. is not necessary, prosecutors told a judge Friday, Dec. 29, (AP Photo/Bebeto Matthews, File)

Sam Bankman-Fried, 31, who has been incarcerated since several weeks before his trial, was convicted in early November of seven counts, including wire fraud, wire fraud conspiracy and three conspiracy charges. He could face decades in prison.


Originally published at The Associated Press
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