BankmanFried

Federal prosecutors are accusing embattled crypto honcho Sam Bankman-Fried of leaking documents about his ex-girlfriend and business partner Caroline Ellison to the press in an alleged effort to taint the prospective jury pool. The filing issued Thursday, July 20, alleges that Bankman-Fried was a source for a New York Times article (also published yesterday) titled “Inside the Private Writings of Caroline Ellison, Star Witness in the FTX Case.” Ellison — Bankman-Fried’s ex-girlfriend and CEO of his crypto hedge…

The latest lawsuit by new management alleges that transfers of corporate assets were made for the benefit of the co-founder and others. The latest lawsuit by new management alleges that transfers of corporate assets were made for the benefit of the co-founder and others. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to…

A U.S. judge on Tuesday denied Sam Bankman-Fried's bid to have criminal charges against him thrown out, paving the way for the founder of now-bankrupt cryptocurrency exchange FTX to face trial starting Oct. 2.Federal prosecutors in Manhattan say Bankman-Fried, 31, stole billions of dollars in FTX customer funds to plug losses at his hedge fund, Alameda Research, misled investors and lenders, and illegally made contributions to U.S. political campaigns in the names of his colleagues.The onetime billionaire has pleaded not…

A U.S. judge on Friday denied Sam Bankman-Fried's push to get a law firm that advised his now-bankrupt FTX cryptocurrency exchange to hand over documents he says can help him beat fraud charges.The onetime billionaire, who has pleaded not guilty to charges of stealing from FTX customers and lying to investors and lenders, last month said the documents could prove he relied on legal advice from Silicon Valley law firm Fenwick & West and did not believe he was breaking the law. U.S. District Judge Lewis Kaplan, who is…

Super-networker and former Hollywood agent Michael Kives faces a lawsuit targeting the investment firm he founded, K5 Global. K5’s managing member Bryan Baum is also being targeted by the suit, in which FTX’s bankruptcy lawyers seek to recover $700 million in investments doled out to the aforementioned firm’s entities and associates. The court filing, which TheWrap obtained Friday, says Sam Bankman-Fried, the founder of now-bankrupt cryptocurrency exchange FTX who was arrested for fraud, agreed to generously…

Michael Lewis, the bestselling author of The Big Short and Flash Boys, will tell the story of the cryptocurrency exchange founder and alleged fraudster Sam Bankman-Fried in his next book.Going Infinite: the Rise and Fall of a New Tycoon by Michael Lewis will be published on 3 October, and is described by its publisher Penguin Press as a “high-octane story of the enigmatic figure at the heart of one of the 21st century’s most spectacular financial collapses”.Sam Bankman-Fried, also known as SBF, became the world’s youngest…

Seemingly overnight, Sam Bankman-Fried, the founder of FTX, went from cryptocurrency wunderkind to wanted for questioning by the FBI. After years of unfettered success, the walls of SBF's blockchain empire came crumbling down around him as his tricky financial feats failed and his generalized lack of accounting brought increasing scrutiny by regulators. In SBF: How the FTX Bankruptcy Unwound Crypto’s Very Bad Good Guy, veteran crypto reporter Brady Dale provides a scintillating and clarifying narrative of the entire…

FTX founder and former CEO Sam Bankman-Fried (aka SBF) pleaded not guilty to five additional criminal charges this morning, according to CNBC. Prosecutors accuse the disgraced crypto exec of fraud and bribery for conspiring to send at least $40 million to Chinese government officials so they would unfreeze more than $1 billion in cryptocurrency, which he allegedly used to fund loss-generating trades. On Tuesday, the U.S. Attorney’s Office for the Southern District of New York (SDNY) unsealed the third round of criminal…

Sam Bankman-Fried, the former founder of collapsed cryptocurrency exchange FTX, has now been charged with bribing Chinese officials to the tune of $40 million.The US Department of Justice has alleged that Bankman-Fried "authorised and directed a bribe of at least $40 million to one or more Chinese government officials".According to The Verge, the bribe by Bankman-Fried was an attempt to get Chinese officials to "unfreeze" some of the accounts associated with FTX's sister firm, Alameda, which contained over $1 billion in…

U.S. federal prosecutors have added yet another charge to the long list that fallen cryptocurrency founder, Sam Bankman-Fried, is facing. The former CEO of crypto exchange FTX is being indicted over allegations that he bribed Chinese government officials to the tune of more than $40 million dollars as part of his shady financial dealings. The news was first reported by Reuters, and comes from a legal document filed and unsealed Tuesday.The superseding indictment alleges that Bankman-Fried (or SBF as he’s commonly called)…