U.S Prosecutors to Supersede Indictment Against Sam-Bankman Fried

• U.S. prosecutors to supersede indictment in observance of a treaty with the Bahamas.
• The Count 8 indictment borders on financial campaign schemes done by Sam Bankman-Fried to gain political influence.
• The former FTX CEO also faces allegations of trying to corrupt key witnesses.

According to the details of a letter posted on Twitter by public interest lawyer Matthew Russell Lee, the US claims its treaty obligations prevent it from proceeding on Count 8 of the original Indictment in the Sam Bankman-Fried case.

Notably, Count 8 of the indictment charges borders on the financial campaign to gain political influence. At the height of his fame, Sam-Bankman Fried made several donations which are now subject to investigative actions.

Authorities in the Bahamas, where Bankman-Fried was detained, claimed they had declined to extradite him based on that accusation; therefore, the charge of campaign funding was dismissed. Not willing to give up, the US DoJ said it would supersede the indictment.

Sam-Bankman Fried is also facing charges that could possibly discredit trial witnesses. According to the filing on Thursday to a judge, prosecutors allege that the ex-FTX C…

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