FTX CEO Sam Bankman-Fried, who had his bail revoked and was sent to jail, has been granted temporary access to a laptop and WiFi device for a seven-hour meeting with his legal team in a courthouse cell block attorney room.
A federal judge has allowed lawyers for FTX founder Sam Bankman-Fried to meet their client in prison to prepare for his upcoming trial.
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'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 is seeking to have a series of expert witnesses testify on his behalf in his upcoming trial, with prices ranging from $400 to $1,200 an hour, as prosecutors try to block their testimony.
Former FTX CEO Sam Bankman-Fried's claims that his access to a special laptop and other accommodations have not helped him prepare his defense while in prison have been disputed by federal prosecutors, who argue that the restrictions are necessary due to alleged witness tampering.
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.
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.
FTX founder Sam Bankman-Fried's motion for temporary release has been denied by a US federal judge, stating that Bankman-Fried's situation was of his own making after interfering with witnesses; the judge also rejected arguments that he needed more access to discovery materials for his defense.
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.
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.
FTX founder Sam Bankman-Fried's request to be released from jail before his trial was denied by an appeals court, marking his second setback of the day as judge also blocked his proposed expert witnesses.
Sam Bankman-Fried, the founder of FTX, is set to go on trial facing seven counts of fraud, money laundering, and conspiracy, with allegations that he misappropriated customer deposits, made false statements, and used stolen funds for personal gain and political influence.
Prosecutors are requesting permission for a witness stuck in war-torn Ukraine to testify virtually against FTX founder Sam Bankman-Fried, as his defense team does not consent to the request.
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.
Prosecutors in the trial of FTX founder Sam Bankman-Fried plan to call FTX customers as witnesses to testify on how the exchange's collapse resulted in the loss of millions of dollars.
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.
Former crypto boss Sam Bankman-Fried is seeking to prevent the government from calling witnesses, including investors and a Ukrainian customer, in his trial for fraud related to the collapse of his FTX exchange, arguing that their testimonies would be premature and biased.
FTX's criminal trial involves a lengthy list of potential witnesses, including Bankman-Fried's family members, former FTX executives, investors, and high-profile names from various entities impacted by the collapse in cryptocurrency prices.
Caroline Ellison, the former CEO of Alameda Research and ex-girlfriend of Sam Bankman-Fried, will testify in the high-stakes criminal trial against Bankman-Fried, revealing how they allegedly stole money from FTX and used it for investments through Alameda.
Caroline Ellison, the star witness in the criminal trial against former FTX CEO Sam Bankman-Fried, is expected to testify about her role in the scheme to steal money from FTX and deploy it through Alameda Research, according to the government's opening statement in the trial.
FTX co-founder Sam Bankman-Fried has been accused by Caroline Ellison of instructing her to steal money from FTX's customers in order to repay loans made to Alameda Research, with Ellison testifying that Bankman-Fried directed her to commit fraud; Bankman-Fried, who faces multiple federal charges including wire fraud and money laundering, has pleaded not guilty to all charges.
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.
Former top executive Caroline Ellison testified in Manhattan federal court, blaming FTX founder Sam Bankman-Fried for corrupting her values and compelling her to engage in illegal activities such as lying and stealing while describing the collapse of his cryptocurrency businesses as a relief from having to lie anymore.
FTX founder Sam Bankman-Fried's trial continues with former Alameda CEO Caroline Ellison testifying that she was directed by Bankman-Fried to commit fraud and money laundering crimes, taking several billion dollars from customers and using an "unlimited line of credit."
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.
The fraud trial against Sam Bankman-Fried, founder of FTX, relies heavily on the testimonies of his former executives due to a lack of concrete evidence, such as Bankman-Fried's own words, making it challenging for prosecutors to prove his intent to defraud customers and investors.
Lawyers for FTX founder Sam Bankman-Fried are seeking to expand their questioning of government witnesses in order to strengthen their defense theories and prevent further damage to their client's image, as his trial enters its third week. They are also attempting to argue that FTX complied with its own terms of service to counter accusations of fraud. Meanwhile, prosecutors assert that Bankman-Fried misused client funds and repeatedly misrepresented FTX's handling of them.
A former executive at FTX testified in Sam Bankman-Fried's criminal trial, stating that he knew about $8 billion of FTX customers' money missing and that Bankman-Fried improperly used customers' money for various investments and expenditures.
Former FTX engineering director Nishad Singh testified in the criminal trial of Sam Bankman-Fried, revealing details about his plea deal with the US Justice Department and FTX's endorsement deals with celebrities, as part of the prosecutors' strategy to link Bankman-Fried to the use of FTX user funds by Alameda Research.
FTX's top attorney testified in the trial of Sam Bankman-Fried, revealing that he was shocked by a $7 billion hole in FTX while Bankman-Fried was unsurprised and asked for possible "legal justifications" for using customer money, which the attorney said did not exist.
Former FTX CEO Sam Bankman-Fried's ability to testify in his trial on federal fraud charges may depend on whether his dosage of Adderall is sufficient to help him maintain focus, with his defense team raising concerns about his lack of access to the medication.
Former FTX CEO Sam Bankman-Fried allegedly instructed his former general counsel to find a legal explanation for the missing $8 billion in Alameda Research's books, according to testimony in court, as prosecutors present their case against Bankman-Fried, who is accused of fraud and conspiracy to commit fraud against FTX customers and investors.
