Prosecutor cites 'pyramid of deceit' by Sam Bankman-Fried; Defense lawyer says he's no monster
In a closing argument, a prosecutor told a New York jury to follow overwhelming evidence and the โpyramid of deceitโ that FTX founder Sam Bankman-Fried constructed to conclude he's guilty of fraud charges.
FTX founder Sam Bankman-Fried acknowledges in court that customers were hurt but denies fraud
FTX founder Sam Bankman-Fried finished his first day of testimony at his fraud trial after saying the innovative business he had hoped would move the cryptocurrency ecosystem forward ended up hurting customers instead.
Sam Bankman-Fried stole customer funds from the beginning of FTX, exchange's co-founder tells jury
Sam Bankman-Fried authorized the illegal use of FTX customersโ funds and assets to plug financial gaps at an affiliated hedge fund from the exchangeโs earliest days, FTXโs co-founder Gary Wang told a New York jury on Friday, as prosecutors pressed their case that Bankman-Fried was the mastermind behind one of the biggest frauds in U.S. history.
With Sam Bankman-Fried looking on, judge seems skeptical of request to reject criminal fraud charges
FTX founder Sam Bankman-Fried's lawyers encountered a skeptical federal judge when they argued that he should toss out criminal fraud charges their client faces after the collapse of his cryptocurrency business.
Prosecutors say Sam Bankman-Fried's arguments to dismiss cryptocurrency charges are meritless
New York prosecutors say Sam Bankman-Fried's lawyers made meritless arguments in a bid to convince a judge to toss out criminal charges alleging that the FTX founder stole from investors in his multibillion dollar cryptocurrency fund.
Judge suggests jail to limit FTX founder's communications
A federal judge is showing growing impatience with FTX founder Sam Bankman-Fried's use of the internet while on bail, suggesting that incarceration might eventually be the most effective way to prevent him from communicating on electronic devices in ways that canโt be traced.
FTX's Sam Bankman-Fried, DOJ tussle over his communications
Federal prosecutors are trying to prohibit FTX founder Sam Bankman-Fried from privately contacting current and former employees of the bankrupt cryptocurrency exchange to prevent potential witness tampering in a criminal case accusing him of bilking investors and customers.
$740M in crypto assets recovered in FTX bankruptcy so far
The company tasked with locking down the assets in the failed cryptocurrency exchange FTX said theyโve managed to recover and secure $740 million in assets so far, a fraction of the potential billions that is likely missing from bankrupt companyโs coffers.
Tom Brady, Larry David, other celebrities named in FTX suit
A host of Hollywood and sports celebrities including Larry David and Tom Brady were named as defendants in a class-action lawsuit against cryptocurrency exchange FTX, arguing that their celebrity status made them culpable for promoting the firmโs failed business model.