Sam Bankman-Fried, the disgraced crypto mogul, will still face seven criminal charges, including an alleged illegal finance scheme charge, according to prosecutors. The Complex Frauds and Cybercrime Unit at the Southern District of New York U.S. Attorney’s Office dropped one of the charges in July but will move forward with the remaining seven charges from the original indictment. Bankman-Fried, also known as SBF, faces decades in prison if found guilty, and his trial is expected to start in October. The popular digital assets exchange FTX, once associated with Bankman-Fried, went bust last November, and prosecutors now allege it was criminally mismanaged.
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