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This is insufficient, prosecutors said in Wednesday's filing. If Zhao did not return to the U.S., they wouldn't be able to secure the $175 million bond as most of his assets are outside the country, and Zhao is wealthy enough that he could pay off the rest of the funds
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Federal prosecutors claimed Sam “SBF” Bankman-Fried “doubled down” on using customers’ funds when he purchased Binance’s $2 billion stake in FTX in 2021. According to United States government attorneys, Bankman-Fried paid for the buyout with funds from FTX customers.The prosecution is delivering its closing arguments on Nov. 1 at the
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"He came up with a tale," Roos said, asking the jury if they noticed how during cross-examination, Bankman-Fried couldn't remember details, whereas during the direct examination, he frequently described situations from his life. "You'd have to ignore the evidence to believe his story." Source
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Attorneys representing the United States Justice Department rested their case against Sam “SBF” Bankman-Fried after more than three weeks of expert witnesses and testimonies from former FTX and Alameda employees. According to reports from the courtroom on Oct. 26, the U.S. government’s last witness before resting was FBI agent Mark Troiano,
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Sam “SBF” Bankman-Fried will be no match for government prosecutors, who will poke holes in his defense when he takes the stand in his criminal trial, said SkyBridge Capital founder Anthony Scaramucci.In an Oct. 25 interview on CNBC’s Last Call, Scaramucci said the United States Department of Justice prosecutors will
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In the fraud trial of Sam Bankman-Fried, prosecutors have requested the judge to inform the jury that the defendant's assertion that he is an effective altruist should not serve as a legitimate defense. Bankman-Fried faces allegations of misappropriating billions of dollars from FTX customers for personal purposes, such as political
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United States prosecutors have requested the court presiding over Sam Bankman-Fried’s trial to bar his legal team from making any arguments relating to the potential recovery of FTX customer assets invested in Anthropic.Bankman-Fried invested $500 million in the artificial intelligence startup in April 2022. The U.S. government is set to
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Lawyers are still quibbling over what evidence can be brought to the FTX founder’s fraud trial, hours before jury selection is due to start. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Former FTX CEO Sam Bankman-Fried’s lawyers question whether he can prepare for trial, while prosecutors claim that his bail revocation appeal is meritless. According to a Sept. 6 Decrypt report, SBF’s lawyers argue that he “will not
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Sam Bankman-Fried, the founder of now-defunct crypto exchange FTX, urged the court to reject the prosecutor’s limine requests. The memorandum, authored by SBF’s attorney Mark Cohen, was submitted on Sept. 1. It criticizes the United States Department
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