By: Denise Simon | Founders Code
Lots of people are above the law, especially Democrat operatives.
ARS: After FTX co-founder Sam Bankman-Fried was convicted of seven charges related to wire fraud and money laundering in 2023, the US recently decided not to proceed with a second trial over additional charges in 2024.
During the second trial, Bankman-Fried could have been convicted on additional charges of conspiracy to bribe foreign officials, conspiracy to commit bank fraud, conspiracy to operate an unlicensed money-transmitting business, and substantive securities fraud and commodities fraud.
However, in a letter to Judge Lewis Kaplan, US attorney Damian Williams wrote that the “strong public interest” in a prompt resolution of the FTX scandal outweighed the benefits of holding a second trial—especially since “much of the evidence that would be offered in a second trial was already offered in the first trial.”
That evidence included witness testimony and documentary evidence that Bankman-Fried engaged in conspiracies to bribe Chinese officials and to induce a US bank to open an account for his fraudulent schemes, Williams said. It also included evidence of conspiracy to make unlawful campaign contributions.
The US government’s indictment said that Bankman-Fried “misappropriated and embezzled FTX customer deposits and used billions of dollars in stolen funds… to enrich himself; to support the operations of FTX; to fund speculative venture investments; to help fund over a hundred million dollars in campaign contributions to Democrats and Republicans to seek to influence cryptocurrency regulation; and to pay for Alameda’s operating costs.” He was also accused of building a “pyramid of deceit” by making “false and fraudulent statements and representations to FTX’s investors” and lenders to FTX’s cryptocurrency trading firm, Alameda Research.
After losing the first trial, Bankman-Fried is expected to appeal the ruling but is now facing a maximum sentence of 110 years, which will be decided this March. At Bankman-Fried’s upcoming sentencing hearing, Williams suggested that Kaplan could weigh evidence of all relevant conduct, including evidence connected to the additional charges.
By dropping plans to proceed with a separate trial, the US government appears to be eliminating some red tape, causing unnecessary delays in providing restitution to victims of the FTX fraud.
So the why on the dropped charges…
Meet the DOJ Prosecutor Damien Williams:
Williams worked for John Kerry‘s 2004 presidential campaign in Cedar Rapids, Iowa, and South Carolina and as a “bodyman” for the chairman of the Democratic National Committee, Terry McAuliffe. He obtained a Juris Doctor from Yale in 2007, where he was supported by The Paul & Daisy Soros Fellowships for New Americans and was also an editor of the Yale Law Journal.
Then —>Williams began his legal career as a law clerk to Judge Merrick Garland of the United States Court of Appeals for the District of Columbia Circuit from 2007 to 2008.
More according to Wikipedia:
In March 2021, Senate Majority Leader Chuck Schumer recommended Williams to be the next U.S. attorney for the Southern District of New York. On August 10, 2021, President Joe Biden nominated Williams to serve in the role.
On September 30, 2021, his nomination was reported out of committee by voice vote. On October 5, 2021, Williams was confirmed in the Senate by voice vote. He became the first African-American U.S. attorney for the Southern District of New York and, as of October 2021, was one of seven African-Americans among 232 assistant U.S. attorneys and executives in the district. He was sworn into office on October 10, 2021. Upon his confirmation, Williams was slated to oversee cases including the trial of Jeffrey Epstein associate Ghislaine Maxwell and the case of Sayfullo Habibullaevic Saipov, who was charged with committing the 2017 New York City truck attack.
Lastly, –> Williams, who dropped the Democrat campaign financing charges vs. Sam Bankman-Fried, is tied to the OBAMA FOUNDATION through his wife.
Obama is always in the mix… somehow.