Sam Bankman-Fried, the founder of FTX, pleaded not guilty to fraud and money laundering charges related to the collapse of his cryptocurrency empire, with the new indictment accusing him of misusing customer funds for personal purposes.
FTX founder Sam Bankman-Fried's lawyers claim that prosecutors delivered four million pages of documents for him to examine six weeks before trial, making it impossible for him to adequately review the evidence from prison. Bankman-Fried is accused of intentionally deceiving customers and investors and playing a central role in the collapse of his company. His lawyers have requested his release to prepare for trial.
Prosecutors have requested that all proposed witnesses for FTX founder Sam Bankman-Fried be disqualified from testifying due to insufficient disclosure filings, potentially misleading experience, or irrelevant testimony, while Bankman-Fried's team seeks to exclude a financial analysis expert proposed by the DOJ for potentially inadmissible testimony.
FTX founder Sam Bankman-Fried's legal team argues that they are unable to adequately prepare for his trial due to lack of access to discovery and internet, violating his Sixth Amendment rights.
FTX founder Sam Bankman-Fried's defense team claims that prosecutors are exaggerating his access to defense material and that he still lacks decent internet access and sufficient computer access, leading to a violation of his Sixth Amendment rights.
The U.S. Department of Justice is accused by defense attorneys of preventing FTX founder Sam Bankman-Fried from having a fair trial by attempting to disqualify proposed expert witness testimony, according to a filing.
The US Government objects to the "unnecessarily intrusive" questions posed by the attorneys of former FTX CEO Sam Bankman-Fried, stating that they go beyond the purpose of ensuring an impartial jury in his upcoming trial.
FTX cryptocurrency exchange founder Sam Bankman-Fried has been restricted by a US judge in his ability to call expert witnesses at his criminal fraud trial, with three proposed witnesses deemed irrelevant or potentially confusing to the jury.
The trial of Sam Bankman-Fried, founder of FTX and Alameda Research, could have significant consequences for the entire crypto industry depending on the evidence presented, potentially further damaging its already tarnished reputation. Bankman-Fried is facing multiple criminal charges, including wire fraud and conspiracy, and the trial may expose fraudulent practices within the industry along with exposing the involvement of others. The trial may also reveal damaging information about Bankman-Fried's conduct and intentions, potentially causing collateral damage for individuals and companies associated with him.
The defense team of FTX founder Sam Bankman-Fried argues that some proposed juror questions from the U.S. Department of Justice could bias potential jurors and prejudice them against Bankman-Fried before the trial, as they fail to disclose potential juror bias and present allegations in a prejudicial manner. Specifically, the defense objects to the omission of the word "allegedly" when describing the crimes and questions that may not reveal predisposition in favor of prosecutors or against Bankman-Fried due to personal experiences with crypto or law enforcement encounters.
The lawyer representing Sam Bankman-Fried, former CEO of FTX exchange, argues that the proposed jury questions for his upcoming fraud trial are biased and presume his guilt in fraud and money laundering.
A federal judge ruled that Sam Bankman-Fried, the CEO of FTX, cannot blame the collapse of the company or its operations on its lawyers in his opening statements, but he may be able to use an "advice-of-counsel" defense later in the trial.
Jury selection has started in the fraud trial of FTX founder Sam Bankman-Fried, who is accused of defrauding thousands of people and using their money for personal use, including risky trades and political contributions.
FTX founder Sam Bankman-Fried may not be allowed to bring up Anthropic's recent fundraising efforts in his defense against U.S. Department of Justice charges, according to prosecutors.
The U.S. Department of Justice has requested that evidence or arguments related to the value of investments made by FTX founder Sam Bankman-Fried, including the $500 million investment in Anthropic, be excluded from the ongoing trial.
FTX founder and CEO Sam Bankman-Fried is on trial for allegedly orchestrating a scheme to steal billions of dollars from customer accounts, as his former partner testifies against him for fraud and money laundering.
The fraud trial of FTX founder Sam Bankman-Fried has revealed the betrayal of his inner circle, as close friends and former allies have turned against him and testified against him in court.
FTX founder Sam Bankman-Fried is on trial for alleged financial fraud, with prosecutors accusing him of diverting customer funds for personal gain, while his defense argues he was overwhelmed by the rapid growth of his cryptocurrency businesses. The trial has featured explosive testimony from his former girlfriend and top executive, Caroline Ellison, who claims Bankman-Fried directed her to commit crimes. The defense has faced challenges from the judge, and the question remains whether Bankman-Fried will testify in his own defense.
Sam Bankman-Fried, the co-founder of FTX and Alameda Research, is facing federal charges and potentially decades in jail after allegations of fraud and mismanagement, as testified by former employees and executives during the trial.
