Federal prosecutors have dropped a finance campaign charge against former disgraced FTX executive Sam Bankman-Fried.

<div class="block">Federal prosecutors have dropped a finance campaign charge against former disgraced FTX executive Sam Bankman-Fried.</div>

Need2Know Headlines

Prosecutors Drop Charge In Sam Bankman-Fried Case

Federal prosecutors have dropped a finance campaign charge yesterday in crypto executive and FX founder Sam Bank Fried's case, the conspiracy to make unlawful campaign contributions charge could have added 2 to 5 years to Bank Fried's prison time if convicted prosecutors allege he funneled hundreds of millions of dollars in partisan campaign money through two co conspirators to avoid campaign contribution limits. Prosecutors also asked a federal judge to put Bank Fried in jail ahead of his October trial. The judge has imposed a temporary gag order in the case as he considers the prosecutor's request to keep Bank Fried in jail.