FTX founder Sam Bankman-Fried plans to argue that he acted in "good faith" by following legal advice from Fenwick & West in his defense against charges, including wire fraud and conspiracy, and will produce evidence of counsel's involvement in approving his decisions.
FTX founder Sam Bankman-Fried, facing multiple charges, reportedly has been limited to bread and water in prison due to the lack of vegan options, and his lawyers have raised concerns about his diet and medication issues.
The defense team of Sam Bankman-Fried, the former FTX CEO, failed to win any major concessions in a hearing regarding his difficulties in preparing for his trial from jail, as the judge declined to release him but requested briefing on the conditions in the detention facility to determine if temporary release is warranted.
Sam Bankman-Fried's request to be released from jail in order to better prepare for his upcoming criminal trial over the collapse of his cryptocurrency exchange, FTX, was denied by the 2nd US Circuit Court of Appeals, although they will consider the request in the future.
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.
FTX is suing the parents of Sam Bankman-Fried, alleging that they used company funds to enrich themselves through gifts and donations, despite knowing that the company was insolvent or on the brink of insolvency. The lawsuit also accuses Bankman of trying to cover up FTX mismanagement and fraud.
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.
Sam Bankman-Fried, the founder of the collapsed cryptocurrency exchange FTX, is set to go on trial for fraud charges, leaving investors like Sunil Kavuri, who lost $2.1 million, hoping for justice and a chance to recover their funds.
The founder of FTX, Sam Bankman-Fried, may face a lengthy sentence if convicted at his upcoming fraud trial, according to the judge overseeing the case. The judge denied Bankman-Fried's request to be released from jail temporarily during the trial, stating that he is a flight risk. Bankman-Fried is facing seven counts of fraud and conspiracy related to FTX's collapse and could potentially receive a maximum sentence of 110 years in prison.
FTX founder Sam Bankman-Fried's unposted tweets, obtained by CoinDesk, reveal discussions about his mental health and prescribed medication as he faces fraud charges, suggesting an attempt to shape a new image for himself since last December.
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.
Sam Bankman-Fried's defense team seeks clarification from the U.S. judge overseeing his case on various arguments they can present, including whether FTX's lack of U.S. regulation, potential recoveries for FTX creditors, and Bankman-Fried's philanthropy can be mentioned, following the judge's decision to block certain arguments made by the defense.
Sam Bankman-Fried, the former CEO of FTX, has filed a lawsuit against Continental Casualty insurance company, claiming that the company has refused to pay his defense costs as part of the directors and officers (D&O) coverage provided to FTX Trading.
Sam Bankman-Fried's former college roommate testified in court that Bankman-Fried directed him to give their hedge fund special trading privileges on FTX, including a $65 billion line of credit, which contributed to FTX's bankruptcy.
Sam Bankman-Fried resisted having investors join FTX's board of directors, according to Matthew Huang, co-founder of Paradigm, who testified in Bankman-Fried's trial, raising concerns about potential preferential treatment to Alameda Research and reputation damage to FTX.
FTX co-founder Gary Wang testified that Sam Bankman-Fried authorized the use of FTX customers' funds to cover losses at Alameda Research, supporting prosecutors' claims that Bankman-Fried orchestrated a major fraud.
Sam Bankman-Fried, co-founder of FTX, authorized the illegal use of customer funds to cover losses at an affiliated hedge fund, according to FTX's co-founder Gary Wang, as prosecutors claim Bankman-Fried orchestrated a massive fraud scheme; Wang also revealed that Bankman-Fried ordered the transfer of FTX's remaining assets to regulators in The Bahamas instead of US authorities when the exchange filed for bankruptcy.
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.
