U.S. District Judge Lewis Kaplan in Manhattan said evidence of the former billionaire's donations were "intertwined inextricably" with charges he defrauded FTX customers by stealing billions of dollars in deposits.
Federal prosecutors initially charged Bankman-Fried, 31, with conspiring to break U.S. campaign finance laws, in addition to seven other fraud and conspiracy charges stemming from the now-bankrupt FTX's November 2022 collapse. Prosecutors said he used $100 million in stolen FTX deposits to fund those donations, which he hoped would spur the passage of crypto-friendly legislation.
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