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Former FTX CEO Sam “SBF” Bankman-Fried’s public trial in a New York court ended with the jury finding him guilty on all seven charges on Nov. 3, including two counts of wire fraud, two counts of wire fraud conspiracy, one count of securities fraud, one count of commodities fraud conspiracy
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On Nov. 2, Jury deliberation began in United States v Bankman-Fried over fraud allegations, conspiracy, and money laundering charges linked to FTX and Alameda’s collapse. The criminal trial for Sam Bankman-Fried over the multi-billion dollar collapse of FTX reached its climax on Nov. 2 following closing statements from prosecutors and the
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Closing arguments for the criminal trial of Sam Bankman Fried (SBF), the disgraced founder of crypto exchange FTX, have officially concluded with U.S. Southern District of New York Judge Lewis Kaplan moving to jury instructions.As per the indictment from last December, Bankman-Fried faces a total of seven charges, including two
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After all that, Tuesday was a much quieter day than Monday. Bankman-Fried seems to have worked a bit on his responses, providing slightly tighter answers than he had on Monday when responding to Assistant U.S. Attorney Danielle Sassoon. Still, he maintained roughly the same tone he had earlier in the
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As usual, Judge Kaplan sounded unimpressed by the defense argument, which Bankman-Fried's team had made before (including late Monday night). In short, the defense team has tried to argue that the terms of service are governed by English law, and therefore the jury should be instructed on it. Original Source
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Attorneys representing former FTX CEO Sam Bankman-Fried have written another letter to the presiding judge, seeking changes to the jury instructions. In the letter addressed to Judge Lewis Kaplan, the defense attorneys requested that the jury consider the role of English law in governing FTX’s terms of service.The proposal calls
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A set of filings from Sam Bankman-Fried's defense team late Monday shows his attorneys still hope to clarify that English law governed FTX's terms of service – which may have implications on the fraud charges. Original Source
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"Friedberg, the chief regulatory officer of FTX International, in combination with Fenwick & West, one of our outside law firms, was – were the ones who drafted the incorporation documents, had incorporated and also corresponded with banks about opening up bank accounts for it," Bankman-Fried said about North Dimension on
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The U.S. Department of Justice and Sam Bankman-Fried's defense team filed their proposed jury instructions after the witness testimony wraps up in the coming weeks. Source
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The Sam Bankman-Fried (SBF) trial’s first day ended with multiple jurors dismissed; selection will resume for another day before the trial starts. The U.S. District Court in New York aims to select 12 jurors and six alternates, with the process slated to finish on Oct. 4. Dismissals and delays Judge Lewis Kaplan dismissed
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