The former FTX CEO faces seven counts of conspiracy and fraud. A New York court will decide his fate.
Sam Bankman-Fried News
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According to reports from the courthouse, Assistant U.S. Attorney Danielle Sassoon named Caroline Ellison, Gary Wang and Nishad Singh among those who may offer testimony.
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SBF has directors and officers coverage through FTX Trading parent Paper Bird, but now that two companies have paid out $10 million, the third in line is balking, the suit claims.
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Here’s how the former FTX CEO may have spent his time behind bars since a judge revoked his bail in August.
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Sam Bankman-Fried’s legal team has requested the court block certain witnesses offering testimony on how they thought FTX would protect their assets.
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The former FTX CEO was reportedly invited by Vogue editor-in-chief Anna Wintour to be her special guest at the Met Gala, only to cancel at the last minute.
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The long-awaited trial of former FTX CEO Sam Bankman-Fried gets underway on Oct. 4 — here’s what you need to know.
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“That only shocks you if you don’t know Sam,” says author Michael Lewis regarding the revelation in his new book about Sam Bankman-Fried.
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“No sane person would make those decisions,” says a former engineer at Alameda Research about what ultimately led to the collapse of Sam Bankman-Fried’s crypto empire.
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The DOJ intends to highlight the experiences of retail and institutional clients who entrusted substantial assets to FTX.
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The SEC alleges that Prager Metis, an accounting firm engaged by bankrupt crypto exchange FTX in 2021, committed hundreds of violations related to auditor independence.
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Sam Bankman-Fried’s lawyer asserts that the proposed questions already insinuate his guilt in fraud and money laundering.
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Bankrupt crypto exchange FTX has been approved to liquidate nearly $3.4 billion worth of crypto assets, creating a sense of panic among crypto investors, but experts say the phased liquidation schedule will ensure market stability.
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“I think he’ll get the maximum sentence” — one lawyer predicts the former FTX CEO could look at life behind bars if convicted of all seven charges.
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In a hearing, Assistant U.S. Attorney Danielle Kudla said the Department of Justice estimated the case could last four to five weeks.
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