Judge will consider whether to try Sam Bankman-Fried separately for superseding charges: Report

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A United States federal decide is reportedly weighing a proposal to separate former FTX CEO Sam Bankman-Fried’s (SBF) legal expenses into two trials following a submitting from prosecutors. 

Based on a June 15 report from The Wall Avenue Journal, Choose Lewis Kaplan of the District Court docket for the Southern District of New York was considering whether or not to dismiss or separate expenses in Bankman-Fried’s legal case after an “imaginative” argument from the previous FTX CEO’s authorized workforce. Bankman-Fried’s legal professionals filed a motion that argued he shouldn’t face expenses that had not been included within the extradition papers from the Bahamas to the U.S. in 2022.

The unique indictment for SBF included eight legal expenses, however a superseding indictment in February and a subsequent cost added in March elevated the overall to 13. Ought to the decide sever the trials, Bankman-Fried may face one trial centered on the extra expenses of allegedly bribing a Chinese government official and different issues associated to fraud at FTX and Alameda Analysis.

Prosecutors with the U.S. Division of Justice said they were prepared to attempt SBF on the unique indictment beginning in October, with the method of the remaining 5 expenses to be determined by Choose Kaplan. The Wall Avenue Journal reported that the decide prompt he was unlikely to outright dismiss any legal expenses previous to trial.

Associated: FTX argues that releasing ‘valuable’ customer list will harm its sale value

Following the collapse of crypto alternate FTX in November 2022 and allegations of misuse of buyer funds, Bankman-Fried was extradited from the Bahamas to the U.S. as a part of a case initiated by the Justice Division. SBF has pleaded not responsible to all expenses and has largely been restricted to his mother and father’ California residence as a part of his bail circumstances.

Former Alameda Analysis CEO Caroline Ellison and FTX co-founder Gary Wang pleaded guilty to charges associated to the alleged monetary entanglements between FTX and Alameda. FTX’s chapter case has additionally been continuing in a Delaware court docket.

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