FTX TRIAL
Sam Bankman-Fried appeals FTX fraud conviction, 25-year sentence Facing a 25-year prison term, Sam Bankman-Fried has appealed his conviction for stealing $8 billion from FTX customers. The ex-billionaire crypto wunderkind's downfall involved fraud charges and commingling assets.
13 Apr, 2024, 12.18 PM ISTSam Bankman-Fried appeals FTX fraud conviction, 25-year sentence Defense lawyer Marc Mukasey had announced plans for the appeal to the Manhattan-based 2nd U.S. Circuit Court of Appeals during Bankman-Fried's March 28 sentencing hearing. The 32-year-old former billionaire crypto wunderkind was convicted in Novembe...
12 Apr, 2024, 12.08 AM ISTSam Bankman-Fried lives 'life of delusion,' new FTX CEO says as sentencing looms John Ray criticizes Sam Bankman-Fried's delusion claiming FTX funds recovery post $8 billion theft conviction. Lawyers aim for reduced sentence. Mukasey defends Bankman-Fried in fraud case. Customers skeptical of reimbursement timing.
21 Mar, 2024, 09.06 AM IST- ADVERTISEMENT
Sam Bankman-Fried will not face a second trial: US prosecutors In a letter filed on Friday night in federal court in Manhattan, prosecutors said the "strong public interest" in a prompt resolution of their case against the 31-year-old former billionaire outweighed the benefits of a second trial.
30 Dec, 2023, 08.21 AM ISTSam Bankman-Fried will not face a second trial In a letter filed on Friday night in federal court in Manhattan, prosecutors said the "strong public interest" in a prompt resolution of their case against the 31-year-old former billionaire, Sam Bankman-Fried, outweighed the benefits of a second tr...
30 Dec, 2023, 07.02 AM ISTWhat charges was Sam Bankman-Fried convicted of? Prosecutors say Bankman-Fried embezzled customer money to plug losses at Alameda Research, a crypto hedge fund he owned, as well as to make investments, buy real estate in the Bahamas, and donate to US political campaigns.
03 Nov, 2023, 02.48 PM ISTSilicon Valley shrugs off Sam Bankman-Fried's trial The apathy may have had many reasons, including that FTX's downfall has been well covered by two books, a documentary and multiple podcasts in the year since it happened. But a simpler answer could be that the tech industry has again done what it do...
03 Nov, 2023, 09.17 AM ISTSam Bankman-Fried's wild rise and abrupt crash After a speedy trial in Manhattan federal court, the onetime crypto king, now 31, was convicted on Thursday of seven counts of fraud and conspiracy involving his companies FTX and Alameda Research.
03 Nov, 2023, 09.01 AM ISTSam Bankman-Fried grilled by prosecutor about interviews following FTX's collapse The questioning by prosecutor Danielle Sassoon, on the second day of Bankman-Fried's testimony in his own defense at his fraud trial, was part of an effort to undercut the 31-year-old former billionaire's credibility after he told jurors last week h...
30 Oct, 2023, 10.30 PM ISTSam Bankman-Fried testifies he believed FTX was 'fine' until just before collapse Testifying in his defense at his fraud trial for a second day, the 31-year-old former billionaire recounted the dramatic days leading up to FTX's collapse, and sought to dispute prosecutors' argument he misled the public about the exchange's health ...
30 Oct, 2023, 09.29 PM ISTSam Bankman-Fried trial: jury to hear FTX founder's testimony Bankman-Fried started testifying on Wednesday at an unusual hearing outside the jury's presence. US district judge Lewis Kaplan asked him to preview his testimony about the involvement of lawyers in key decisions at the heart of the case so he could...
27 Oct, 2023, 03.45 PM ISTFTX founder Sam Bankman-Fried testifies outside jury's presence Bankman-Fried's risky decision to testify gives prosecutors the chance to cross-examine the 31-year-old former billionaire about those claims that he told colleagues to commit crimes.
27 Oct, 2023, 12.04 AM ISTSam Bankman-Fried sees upside in testifying at criminal trial, experts say Bankman-Fried plans to take the stand in his own defense, his lawyer Mark Cohen said at a court hearing on Wednesday.
25 Oct, 2023, 08.56 PM ISTSam Bankman-Fried will testify at criminal trial, lawyer says Bankman-Fried has pleaded not guilty to charges he looted billions of dollars in FTX customer funds to plug losses at his Alameda Research hedge fund, make speculative venture investments, and donate more than $100 million to US political candidates...
25 Oct, 2023, 08.34 PM ISTSam Bankman-Fried's trial reveals inside details of how FTX died While the broad contours of FTX's failure are publicly known, the trial has opened a window into high-stakes conversations that unfolded in secret at Bankman-Fried's headquarters in the Bahamas. Witness accounts of those behind-the-scenes discussion...
21 Oct, 2023, 12.27 PM ISTSam Bankman-Fried's lawyer says FTX investments were not 'reckless' FTX founder Sam Bankman-Fried's lawyer on Tuesday said the now-bankrupt cryptocurrency exchange's investments were not "reckless and frivolous," pushing back against testimony by a former executive who called its spending on marketing and celebrity ...
17 Oct, 2023, 10.03 PM ISTHow Sam Bankman-Fried continued to make political donations despite $13 bilion 'hole' in FTX Prosecutors also showed a spreadsheet from March 2023 detailing $1.1 billion in FTX endorsement deals, which included the naming rights to the Miami Heat's basketball arena, as well as arrangements with NFL quarterback Tom Brady, model Gisele Bundch...
17 Oct, 2023, 09.35 AM ISTSam Bankman-Fried trial: confidant Caroline Ellison faces cross-examination Ellison said through tears that she lived in "dread" the truth would come out, and that FTX's ultimate collapse last year brought an "overwhelming feeling of relief."
12 Oct, 2023, 07.40 PM ISTSam Bankman-Fried demanded special privileges for Alameda Research: ex-colleague Gary Wang According to Wang, the special privileges granted to Bankman-Fried's hedge fund Alameda Research included a $65-billion line of credit, several orders of magnitude bigger than the amount other users were able to borrow.
06 Oct, 2023, 09.53 AM ISTSam Bankman-Fried case: jury selection begins in trial of fallen cryptocurrency mogul Nearly 50 prospective jurors were sent home and told to return Wednesday, when it was expected that a jury of 12 individuals and six alternates would be in place by late morning so opening statements could begin.
04 Oct, 2023, 08.03 PM IST