Prosecutors Say There's No Need for a Second Trial of FTX Founder Sam Bankman-Fried

 

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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 November is not necessary, prosecutors told a judge Friday, Dec. 29, (AP Photo/Bebeto Matthews, File)BEBETO MATTHEWS

NEW YORK (AP) — A second trial of FTX founder Sam Bankman-Fried on charges not in the cryptocurrency fraud case presented to a jury that convicted him in November is not necessary, prosecutors told a judge Friday.

Prosecutors told U.S. District Judge Lewis A. Kaplan in a letter that evidence at a second trial would duplicate evidence already shown to a jury. They also said it would ignore the “strong public interest in a prompt resolution” of the case, particularly because victims would not benefit from forfeiture or restitution orders if sentencing is delayed.