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 co-founder Sam "SBF" Bankman-Fried could pay his expert witnesses over $1,000 an hour to testify on his behalf at his upcoming fraud trial.
FTX founder Sam Bankman-Fried's lawyers claim that prosecutors have failed to provide him with the necessary computer resources to prepare for his upcoming trial related to the collapse of a crypto exchange, as he remains in jail awaiting trial.
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.
Former FTX CEO Sam Bankman-Fried reportedly drafted a 15,000-word Twitter thread that he never posted, detailing his life under house arrest and his thoughts on FTX's bankruptcy case, according to documents provided by crypto influencer Tiffany Fong. The drafts also revealed personal information about Bankman-Fried's relationship with former Alameda Research CEO Caroline Ellison, who will testify in his criminal trial starting in October. Bankman-Fried has pleaded not guilty to fraud charges, while Ellison and others have already pleaded guilty to similar charges.
Sam Bankman-Fried, the former CEO of FTX cryptocurrency empire, allegedly faced bankruptcy and theft charges after lavish perks, declined credit cards, and a tearful all-hands meeting exposed the company's financial troubles.
Former billionaire Sam Bankman-Fried's criminal trial on fraud charges will determine whether he knowingly embezzled money from his cryptocurrency exchange, FTX, or if he genuinely believed he was acting within the terms of service and the law.
Former FTX CEO Sam Bankman-Fried, who is facing 13 criminal charges including securities fraud and money laundering, spent his time under house arrest at his parents' home in Palo Alto where he engaged in case preparation and his desk was cluttered with items such as gum, a fan, and Adderall, which he had difficulty accessing after being remanded to jail in August.
FTX founder Sam Bankman-Fried has been denied bail ahead of his trial on fraud charges, with the judge citing flight risk concerns, but has extended his hours to meet with his attorneys.
Federal prosecutors plan to call former FTX customers, investors, and employees as witnesses in the trial against crypto executive Sam Bankman-Fried, with the customers and investors testifying about their expectations of FTX's handling of their funds and witnesses providing insight into the defendant's actions and statements.
Former CEO of bankrupt crypto exchange FTX, Sam Bankman-Fried, begins his highly anticipated trial on Tuesday to determine his guilt on seven counts of fraud and conspiracy.
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.
Former FTX CEO Sam Bankman-Fried opposes prosecutors' request to allow a Ukraine-based FTX customer, who lost his life savings during the Russian invasion, to testify remotely in the upcoming criminal trial.
