NY - Samuel Bankman-Fried (FTX), Alleged Fraud, Money Laundering, 2019-2022 *Arrest*

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In a recording of an all-hands meeting, Sam Bankman-Fried's ex Caroline Ellison blamed him for FTX's collapse

Federal prosecutors said that an Alameda Research employee secretly recorded Caroline Ellison blaming FTX's crash on Sam Bankman-Fried.

www.businessinsider.com

In a revelatory new court filing laying out evidence on Monday, prosecutors said that they had obtained and planned to use a covert recording made by an Alameda Research employee during an all-hands meeting, where Ellison directly blamed Bankman-Fried for using customer money as the company imploded.

 

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Caroline Ellison kept a memo called ‘Things Sam Is Freaking Out About,‘ and prosecutors plan to use it

The DOJ is laying out the evidence it wants to use in its upcoming trial against FTX founder Sam Bankman-Fried.

fortune.com

The article title says it all.

 

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Sam Bankman-Fried’s lawyers blast 2 days a week trial prep time: ‘Entirely inadequate’

Bankman-Fried’s lawyers asked that he be allowed to meet with them five days a week at the Manhattan federal courthouse in preparation for the Oct. 2 trial.

nypost.com

[SBF’s] lawyers said giving [SBF] just two days a week, without a dedicated computer, to review the “extraordinary volume” of evidence violated his Sixth Amendment constitutional right to effective counsel and aid his defense.

[SBF]’s lawyers asked that he be allowed to meet with them five days a week at the Manhattan federal courthouse.

 

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Sam Bankman-Fried's lawyers renew claim that the FTX founder can't prepare for trial behind bars

Lawyers for Sam Bankman-Fried say prosecutors have delivered another four million pages of documents on the FTX founder six weeks before trial

abcnews.go.com

BBM

Lawyers for Sam Bankman-Fried said Friday that prosecutors have delivered another four million pages of documents for the FTX founder to examine six weeks before trial, making it impossible for the former cryptocurrency executive to adequately review the evidence for an October trial from behind bars.

And earlier this week, [SBF’s lawyers] complained at a hearing that he has had to survive at a Brooklyn lockup on bread, water and peanut butter because they won't provide him with vegan food.

 

[meanmaryjean]

He could have had all the vegan food he wanted had he only complied with his conditions of release. Poor Sam...

 

[Gemmie]

Sam Bankman-Fried's lawyers renew claim that the FTX founder can't prepare for trial behind bars

Lawyers for Sam Bankman-Fried say prosecutors have delivered another four million pages of documents on the FTX founder six weeks before trial

abcnews.go.com

Lawyers for Sam Bankman-Fried said Friday that prosecutors have delivered another four million pages of documents for the FTX founder to examine six weeks before trial, making it impossible for the former cryptocurrency executive to adequately review the evidence for an October trial from behind bars.

My eyes bulged when I read "another four million pages". I hope like heck they aren't wasting paper!!! And if so, they at LEAST print double sided!!

he has had to survive at a Brooklyn lockup on bread, water and peanut butter because they won't provide him with vegan food. BBM

Interesting.... even Bryan Kohberger is getting vegan food and he murdered 4 innocent co-eds! Although they aren't cooking it in brand new pots and pans that have never touched *gasp* meat like he requested of his family.

Officials at the Idaho jail housing Bryan Kohberger, the man accused of killing four college students, said they will try to accommodate the suspect's vegan diet.

Latah County Sheriff Richard Skiles told NewsNation that the county jailhouse is willing to comply with Kohberger's dietary needs.

The sheriff, however, said: 'But we are not going to buy new pots and pans or anything like that,' appearing to reference reports of the suspect's ex-aunt saying she needed to buy new pans to feed Kohberger when she was cooking for him.

MSN

 

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FTX's Bankman-Fried appeals jailing as trial nears

Sam Bankman-Fried has appealed a decision to jail him for alleged witness tampering ahead of his Oct. 3 trial over the collapse of his FTX cryptocurrency exchange.

www.reuters.com

Sam Bankman-Fried has appealed a decision to jail him for alleged witness tampering ahead of his Oct. 3 trial over the collapse of his FTX cryptocurrency exchange.

 

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Sam Bankman-Fried wants to pay expert witnesses up to $1,200 an hour. Prosecutors are trying to block them | Fortune Crypto

Bankman-Fried's lawyers argue that he can't adequately prepare his defense in confinement.

fortune.com

The filing: https://storage.courtlistener.com/recap/gov.uscourts.nysd.590939/gov.uscourts.nysd.590939.236.0.pdf

Bankman-Fried is seeking to have a series of eight specialists testify on his behalf. They range from an English barrister specializing in commercial law to a director at an electronic discovery consulting firm. […] Department of Justice prosecutors are seeking to block [all] expert witnesses’ testimony.

 

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Sam Bankman-Fried could have FTX fraud trial delayed

A U.S. judge said on Wednesday he would consider delaying Sam Bankman-Fried's Oct. 3 criminal fraud trial, after the jailed FTX founder's lawyers complained he did not have enough time to review millions of pages of evidence to help build his case.

www.reuters.com

U.S. District Judge LK in Manhattan raised the prospect of a five-month delay at a virtual hearing, after defense lawyers said officials at Brooklyn's Metropolitan Detention Center had not provided Bankman-Fried with hard drives containing evidence to review.

 

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Robinhood pays $605 million for 55 million shares once owned by Sam Bankman-Fried following a 4-way tussle

Robinhood bought back 55 million shares owned by SBF's Emergent Fidelity Technologies after four parties laid claim to the stock.

www.businessinsider.com

• Robinhood bought 55 million of its shares worth $605 million that Sam Bankman-Fried once owned.
• The stake was seized by the Department of Justice in January as part of charges against the FTX founder.
• Robinhood, SBF, FTX, and a bankrupt crypto lender had all laid claim to the seized shares.

 

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Bankman-Fried, Claiming To Be Overwhelmed By Prosecution Evidence, Has Just Hours To Seek Trial Postponement

Disgraced crypto exchange founder’s lawyers complained about his inability to adequately prepare his defense.

www.forbes.com

SBF has until September 7 to request a postponement of his October 3 trial.

Also, the 4 million pages of evidence will move forward.

[The judge] rejected the defense’s request to bar prosecutors from using 4 million pages of evidence that surfaced in recent weeks due to “late production,” pointing out that Bankman-Fried had “unfettered access” to the materials from his parents’ home in California until he was detained on August 11.

 

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FTX’s Sam Bankman-Fried fighting court battle in Antigua over assets

Creditors claim Mr Bankman-Fried is obstructing the liquidation of a separate company he owned in the Caribbean

www.telegraph.co.uk

In summary, SBF is accused of failing to hand over key documents to court-appointed liquidators for Emergent Fidelity Technologies (EFT), which is registered in Antigua. SBF has also filed 16 applications to block the process, “despite claims of relative poverty.”

 

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FTX filing shows company bought yacht for former co-CEO Sam Trabucco

The filings also revealed over $900 million in payments to Sam Bankman-Fried and $3.5 million for his ex-girlfriend Caroline Ellison.

www.theblock.co

• A recent filing from FTX’s Debtors shows company funds were used on internal cash payments to executives as well as direct transfers to the American Yacht Group.

Included within the list were over $900 million in transfers to Sam Bankman-Fried labeled simply as “Cash Payment,” $15.5 million in cash transfers, and a single $3.5 million transfer to ex-Alameda CEO Caroline Ellison.

The list also showed a $2.5 million payout to the American Yacht Group for ex-Alameda co-CEO Samuel Trabucco.

 

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Sam Bankman-Fried loses bid to get out of jail, appeals court will hear case

In rejecting Bankman-Fried’s request, the 2nd US Circuit Court of Appeals in Manhattan nonetheless said it would ask the next available three-judge panel to consider it.

nypost.com

Sam Bankman-Fried on Wednesday lost his bid to be freed immediately from a Brooklyn jail so he could prepare better for his criminal trial, less than a month away, over the collapse of his FTX cryptocurrency exchange.

 

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Fourth Top FTX Executive to Plead Guilty Ahead of Sam Bankman-Fried Trial

Ryan Salame, a former FTX executive, is set to plead guilty to charges linked to the sweeping fraud case against Sam Bankman-Fried, the founder of the failed cryptocurrency exchange.

www.nytimes.com

[On Thursday,] Ryan Salame, a former FTX executive, is set to plead guilty to charges linked to the sweeping fraud case against Sam Bankman-Fried, the founder of the failed cryptocurrency exchange.

 

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Sam Bankman-Fried denied pre-trial release by SDNY judge: ‘The premise is incorrect’

The FTX founder's trial is set for Oct. 3.

fortune.com

The judge has ruled that SBF must remain behind bars as a result of SBF’s own doing.

Sam Bankman-Fried Wants to Know If Jurors Lost Money Trading Crypto

(Bloomberg) -- Have you ever lost money trading crypto? Where do you stand on amassing wealth to improve the world and help others?Most Read from BloombergLuxury Cruise Ship Full of Australians Stuck in Greenland ArcticiPhone Pro’s Titanium Finish Stands Out in First Look at DeviceApple’s iPhone...

finance.yahoo.com

Jury selection process has begun. Defense question list tests a potential juror’s attitudes toward crypto, political donations and “effective altruism.”

 

[Countem]

https://www.cnn.com/2023/09/13/business/ftx-liquidate-crypto-assets/index.html

A bankruptcy judge granted FTX, the collapsed crypto exchange founded by Sam Bankman-Fried, permission to liquidate its digital assets to repay creditors.

FTX has previously said in bankruptcy court filings that its digital assets, such as Solana, Bitcoin and Ether (its three biggest holdings,) amount to about $3.4 billion.

I am not a subscriber, but the following article looks interesting for those that are.

How Sam Bankman-Fried’s Elite Parents Enabled His Crypto Empire

Joseph Bankman and Barbara Fried, both renowned Stanford scholars, opened doors for their son and provided a halo effect for his company.

www.bloomberg.com

 

[Gemmie]

https://www.cnn.com/2023/09/13/business/ftx-liquidate-crypto-assets/index.html

I am not a subscriber, but the following article looks interesting for those that are.

How Sam Bankman-Fried’s Elite Parents Enabled His Crypto Empire

Joseph Bankman and Barbara Fried, both renowned Stanford scholars, opened doors for their son and provided a halo effect for his company.

www.bloomberg.com

Not a subscriber but there's a link to listen to the article that was on the page:

Bankman, Fried & Son - Listen to the Story

Mom and Dad are renowned legal scholars. Their son is on trial in one of the world’s biggest fraud cases. By Max Chafkin and Hannah Miller

omny.fm

 

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REVEALED: Sam Bankman-Fried wrote memo blaming ex for FTX collapse

Sam Bankman-Fried wrote a memo in which he blamed his former girlfriend Caroline Ellison for the cryptocurrency's collapse.

www.dailymail.co.uk

Disgraced FTX founder Sam Bankman-Fried wrote as 250-page unpublished memo in which he blamed his former girlfriend and lieutenant Caroline Ellison for the cryptocurrency's collapse

Bankman-Fried described himself as 'one of the most hated people in the world' in hundreds of pages he wrote under house arrest in the format of a 15,000-word Twitter thread.

See the article for more info from the previously unpublished thread.

Here is the NYT link: ‘One of the Most Hated People in the World’: Sam Bankman-Fried’s 250 Pages of Justifications

 

[Gemmie]

Now he's blaming Caroline? He's a piece of work.