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“While the existence of a law might be relevant to establish a statutory duty of care, the absence of regulation is not relevant to whether money was, in fact, entrusted to the defendant’s care by his victims,” the DOJ filing said, adding that the existing criminal rulebook is sufficient. “There
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Jury selection should conclude Wednesday, according to Judge Lewis Kaplan, who is overseeing the trial in the Southern District of New York courthouse. There are around 50 potential jurors remaining, after he dismissed a few dozen during yesterday’s voir dire. Of the remainder, 12 will become jurors and six will
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The high-profile trial of former FTX CEO Sam Bankman-Fried kicked off on Oct. 3 with plenty of activity both inside and outside of the cramped Manhattan courtroom.Journalists, crypto influencers, and other gawkers reportedly gathered in a media overflow room to take notes of the day's events. Here are some of
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Former Celsius CEO Alex Mashinsky’s trial date has been set for Sept. 17, 2024 in a pre-trial hearing on Oct. 3. The news comes after a former colleague at Celsius Network, Roni Cohen-Pavon, pleaded guilty to fraud charges and agreed to work with prosecutors in the upcoming trial. Upcoming charges of fraud In
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Sam Bankman-Fried’s historic trial has started today in New York City, as the former FTX CEO is set to be tried on seven different charges of wire fraud and money laundering. The historic trial of Sam Bankman-Fried, the founder of a crypto exchange FTX, has started today with jury selection.
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Cointelegraph reporters are on the ground in New York for the trial of former FTX CEO Sam Bankman-Fried. As the saga unfolds, check below for the latest updates.Oct. 3: SBF trial beginsThe trial of Sam Bankman-Fried began on Oct. 3 with jury selection. Bankman-Fried is charged with seven counts of
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Sam Bankman-Fried’s alleged crime was old fashioned, and his purported motives were as ancient as Human Nature. Crypto was the conduit for his greed, but not the cause. He was someone who grew up hearing, literally, that actions have no consequences. And so, the container for his reckless ambition could
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The FTX founder’s trial kicked off Tuesday morning, with a jury pool exceeding 50 people and around 40 reporters present in the U.S. District Court for the Southern District of New York in lower Manhattan. No jurors have been selected as of press time; the morning was spent weeding out
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CNA, also known as the Continental Casualty Company, has “unjustifiably failed to make timely payment on Mr. Bankman-Fried’s claims as required by the Policy,” said the filing, adding that those alleged breaches “have caused, and threaten to cause, substantial and irreparable harm to Mr. Bankman-Fried for which there is no
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The criminal trial of former FTX CEO Sam Bankman-Fried (SBF) is currently underway in New York, and his legal team has filed motions aiming to ban testimony from users and investors in the exchange.In separate Oct. 2 filings in United States District Court for the Southern District of New York,
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