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Prosecutors Demand 50 Years for Bankman-Fried, Citing FTX Founder’s Repeated Gambles ‘With Other People’s Money’
16.3.2024
In a statement from U.S. Attorney Damian Williams and his team, the fallen FTX founder, Sam Bankman-Fried (SBF), faces a recommendation for up to half a century behind bars for his offenses. The prosecutors argue that SBF has a penchant for high-stake risk and “gambling repeatedly with other...
Sam Bankman-Fried Should Spend 40-50 Years in Prison, DOJ Says
15.3.2024
Prosecutors recommended that a federal judge sentence FTX founder and former CEO Sam Bankman-Fried to at least 40 and as many as 50 years in prison for his conviction on fraud and conspiracy charges tied to the collapse of what was once one of the world's largest crypto exchanges
Sam Bankman Fried’s Legal Team Cites Autism Spectrum Disorder in Plea for Leniency
29.2.2024
Lawyers for disgraced former FTX CEO Sam Bankman-Fried (SBF) have argued that judges should consider their client’s autism traits when deciding his prison sentence. SBF faces a maximum of 110 years between seven counts of money laundering, wire fraud and securities fraud. However, his defense...
A Maximum of 78 Months — Sam Bankman-Fried’s Legal Team Calls for Leniency
29.2.2024
In a recent legal submission, Sam Bankman-Fried’s freshly appointed defense team strongly criticized the suggested century-long sentence as “grotesque.” The firm Mukasey Young is pushing for a gentler verdict for the 31-year-old creator of FTX. Bankman-Fried’s Defense Urges Judge to...
Sam Bankman-Fried Doesn't Want to Go to Prison for 100 Years
29.2.2024
Sam Bankman-Fried's new legal team filed his sentencing memo, alongside 29 different character references and other supporting documents, arguing he shouldn't face a lengthy prison term after his conviction last November on two fraud and five conspiracy charges
SBF’s Family Write Individual Letters To Judge Asking for Lenient Sentence
28.2.2024
Family members of former FTX chief Sam Bankman-Fried submitted letters to the federal judge ahead of his sentencing. Barbara Fried, Joseph Bankman, and Gabriel Bankman-Fried all requested leniency, emphasizing SBF's good intentions, charitable efforts, and social difficulties.
The post SBF’s...
Sam Bankman-Fried Asks Court to Cut Prison Time to 63-78 Months
28.2.2024
Former FTX boss Sam Bankman-Fried (SBF), found guilty of fraud last year and due to be sentenced next month, has asked the court for a 'just' sentence of 63 to 78 months, according to a court filing submitted Tuesday
SBF Requests 63-78 Month Sentence in FTX Fraud, Citing Lack of Criminal History, Young Age
28.2.2024
Lawyers for FTX founder Sam Bankman-Fried have proposed a sentence of 63 to 78 months in prison for their client, citing his charitable work and young age.
The post SBF Requests 63-78 Month Sentence in FTX Fraud, Citing Lack of Criminal History, Young Age appeared first on Cryptonews
FTX Estate Can Sell Near 8% Stake in AI StartUp Anthropic, Court Rules
23.2.2024
The FTX bankruptcy estate has been granted approval to sell its stake in artificial intelligence (AI) startup Anthropic, court filings from Thursday show
Sam Bankman-Fried Stands by Legal Team Amidst Conflict of Interest Concerns
22.2.2024
Disgraced former FTX CEO Sam Bankman-Fried (SBF) on Wednesday confirmed plans to stick with his new lawyers Marc Mukasey and Torrey Young, who are also representing Celsius CEO Alex Mashinsky, according to a report by Reuters. In a hearing, U.S. Southern District Judge Lewis Kaplan asked...
Report: Bankman-Fried Stands by Legal Team Amid Potential Conflict of Interest
22.2.2024
Sources report that Sam Bankman-Fried (SBF), the erstwhile crypto magnate and former head of FTX, intends to utilize his newly appointed legal team, despite these attorneys also serving Alex Mashinsky, the former chief of Celsius. On Wednesday, in a courtroom declaration, SBF confirmed his complete...
Sam Bankman-Fried Ditches Legal Team, Moves Forward with Ex Celsius CEO’s Lawyers
21.2.2024
Disgraced former FTX founder Sam Bankman-Fried appeared in a Manhattan federal court on Wednesday afternoon with a new legal team that also represents former Celsius CEO Alex Mashinsky.
The post Sam Bankman-Fried Ditches Legal Team, Moves Forward with Ex Celsius CEO’s Lawyers appeared...
Sam Bankman-Fried Replaces Lawyers Ahead of Sentencing
21.2.2024
Sam Bankman-Fried replaced his former lawyers, Mark Cohen and Christian Everdale, as he’s headed into sentencing negotiations
Former Celsius CEO Mashinsky Waives Conflict of Interest, Proceeds with SBF Lawyers
21.2.2024
Former Celsius Network’s CEO Alex Mashinsky has waived his right to potential conflicts of interest that may arise from choosing similar legal representation as Sam Bankman-Fried.
The post Former Celsius CEO Mashinsky Waives Conflict of Interest, Proceeds with SBF Lawyers appeared first...
Behind MDC Walls — Independent Reporter Captures Photo of Sam Bankman-Fried’s New Reality
21.2.2024
This week, a prison snapshot featuring Sam Bankman-Fried (SBF), the ex-FTX chief, was released by the independent journalist Tiffany Fong. Capturing the first glimpse of SBF since his detention, the image places the once-prominent cryptocurrency magnate alongside five other detainees within...
First Photo of Sam Bankman-Fried Released, Former Fellow Inmate Tells Biden to “Free Sam”
20.2.2024
The first prison photo of Sam Bankman-Fried in prison has been released by crypto influencer Tiffany Fong.
The post First Photo of Sam Bankman-Fried Released, Former Fellow Inmate Tells Biden to “Free Sam” appeared first on Cryptonews
New Lawsuit Alleges SBF Had Access to ‘Secret’ Credit from Bahamian Bank Deltec to Buy Tether: Bloomberg
19.2.2024
Bahamian bank Deltec is facing a new lawsuit claiming it provided a ‘secret’ line of credit to FTX fraudster Sam Bankman-Fried that allowed him to buy Tether, a February 17 Bloomberg report reveals.
The post New Lawsuit Alleges SBF Had Access to ‘Secret’ Credit from Bahamian Bank...
FTX’s Legal Labyrinth: S&C Scrutinized Over Past Ties and Fraud Claims
18.2.2024
FTX creditors have filed a class-action lawsuit against the law firm overseeing the exchange’s bankruptcy, Sullivan & Cromwell (S&C). The creditors allege that S&C actively participated in FTX Group’s multibillion-dollar fraud and benefited financially from it. According...
Sam Bankman-Fried's Sentence Might Be Lighter Than You'd Expect
16.2.2024
Restitution paid to victims can be considered when sentencing, and judges in the Southern District of New York routinely impose shorter terms than guidelines suggest for white-collar cases
From $10M to $500K: FTX Slashes Digital Custody Unit Price in Post-Collapse Sale
13.2.2024
Now-defunct crypto exchange FTX is set to sell one of its Digital Custody Inc. (DCI) unit for a fraction of its original price. DCI, which was purchased by FTX for $10 million in August 2022, will now be sold to the token sale platform CoinList for a mere $500,000. Initially, FTX acquired DCI...