**The ongoing federal criminal case against the Southern Poverty Law Center (SPLC) in the Middle District of Alabama remains in pretrial or early trial stages without a verdict as of mid-October 2026.** The DOJ indicted the organization in April on 11 counts of wire fraud, false statements to a bank, and conspiracy to commit money laundering, later superseded in June, alleging donor funds were used to pay informants inside extremist groups between 2014 and 2023. The SPLC entered a not guilty plea, moved to dismiss on vindictive prosecution grounds tied to the Trump administration, and saw that motion denied in August after the court found insufficient evidence of unconstitutional animus. **Trial proceedings, originally eyed for October, face delays due to voluminous evidence and additional charges against a former employee.** No conviction has occurred, and the case's complexity, procedural posture, and the nonprofit's active defense make a final guilty finding by year-end improbable in traders' assessment. Separate civil matters, including defamation claims and donor-advised fund restrictions, have not produced criminal liability. This procedural timeline and lack of resolution underpin the strong market consensus against a 2026 conviction.