Crypto Fraudster Sam Bankman-Fried Should Be Locked Up For Upto 50 Years, Prosecutors Say

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FTX’s Sam Bankman-Fried Should Receive A 50-Year Jail Sentence: Prosecutors

The prosecutors in the fraud case against the former CEO of the now-defunct FTX exchange, Sam Bankman-Fried (SBF), have now suggested a jail sentence to the court. This development comes as the sentencing of the former crypto billionaire is slated for later this month.

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Sam Bankman-Fried deserves 40-50 years in prison, prosecutors say

Sam Bankman-Fried, the disgraced former CEO of collapsed crypto exchange FTX, deserves a jail term of not less than 40 years, US prosecutors said on Friday. According to the sentencing memo the Department of Justice, Southern District of New York, filed on Friday, what Bankman-Fried needs is 40 to 50 years in prison. The prosecution […]

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US prosecutors want SBF to serve at least four decades in prison

Federal prosecutors have requested a prison sentence of 40 to 50 years for FTX founder Sam Bankman-Fried (SBF) following his conviction for conducting one of the most significant financial frauds in recent times through the misappropriation of over $8 billion of customer funds.

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Prosecutors Demand 50-Year Jail Sentence for SBF

Former FTX chief Sam Bankman-Fried could face a prison term of 40 to 50 years

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DOJ: Sam Bankman-Fried merits a 40-to-50-year sentence

Prosecutors asked a U.S. District Judge to jail Sam Bankman-Fried for 40-50 years following his conviction last November.  

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Sam Bankman-Fried Should Spend 40-50 Years in Prison, DOJ Says

Prosecutors recommended that a federal judge sentence FTX founder and former CEO Sam Bankman-Fried to at least 40 and as many as 50 years in prison for his conviction on fraud and conspiracy charges tied to the collapse of what was once one of the world's largest crypto exchanges.

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US prosecutors water down FTX Ex-CEO SBF’s second trial probability: no new evidence

US prosecutors deem the second trial unlikely for FTX’s ex-CEO Sam Bankman-Fried. Lack of new evidence cited; the initial trial covered major aspects of the case. The guilty verdict stands; sentencing is set for March 28, 2024, as scheduled.

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SBF will likely serve 25 years rather than max sentence, former DOJ prosecutor says

Former FTX CEO Sam Bankman-Fried may not receive a maximum sentence, CNBC said on Nov. 4, citing statements from former government prosecutors. Renato Mariotti, once a prosecutor within the U. S.

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SBF trial day 17: FTX founder pitched as a criminal and a victim in closing arguments

Attorneys for the government and defense delivered their closing arguments in United States v Sam Bankman-Fried, the trial over FTX’s multi-billion dollar collapse where prosecutors allege that the founder built his crypto empire atop a “pyramid of lies”.

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Sam Bankman-Fried ‘doubled down’ by buying Binance’s stake in FTX — US prosecutors

The prosecution is delivering its closing arguments at the Southern District Court of New York, where SBF’s trial has been taking place since Oct. 3.

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'A Pyramid of Deceit': Sam Bankman-Fried Lied to Jurors, Prosecutors Say in Closing Argument

Prosecutors are hoping the four-week case will lead to a conviction on seven charges.

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‘That’s fraud,’ prosecutors say in closing arguments at Sam Bankman-Fried trial

The U.S. government delivered its closing arguments in New York in an effort to convince the jury that SBF is guilty of fraud and conspiracy to commit fraud.

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SBF trial day 16: Judge Kaplan denies acquittal motion, closing arguments set for Nov. 1

Sam Bankman-Fried’s testimony concluded on Oct. 31 as prosecutors outlined inconsistencies in his statements and defense lawyers pointed to erroneous management decisions taken by other executives like FTX co-founder Gary Wang and ex-Alameda Research CEO Caroline Ellison.

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Sam Bankman-Fried’s Credibility At Stake As Prosecutors Grill FTX Founder About Days Before Bankruptcy

On Monday, October 30, Chief Executive Officer and founder of the defunct cryptocurrency exchange FTX, Sam Bankman-fried‘s credibility was bombarded in cross-examination on days before the exchange’s bankruptcy by a federal persecutor as he took his stand for a second day of testimony in the federal court.

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Bankman-Fried Had a Hairy Day in Court

An observation from sleep-deprived day 15 of Sam Bankman-Fried’s criminal trial: prosecutors embrace the inevitable outcome of male pattern baldness; defense lawyers don’t.

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Bankman-Fried retakes the witness stand for cross-examination by prosecutors

FTX founder Sam Bankman-Fried once again took the stand in his ongoing criminal trial in New York on Oct. 30, this time to face cross-examination by prosecutors. Assistant U. S. Attorney Danielle Sassoon began by determining the extent to which Bankman-Fried was involved with FTX’s sister firm, Alameda Research.

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Sam Bankman-Fried Throws Caroline Ellison Under Bus in Testimony

The former crypto billionaire's lawyer focused on trying to spin prosecutors' narrative about FTX and Alameda Research's collapse in a way more favorable to SBF.

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Prosecutors rest their case as Sam Bankman-Fried prepares to testify

Defense lawyers representing SBF called two witnesses, a Bahamas-based attorney and an expert from a litigation consulting firm, before the former FTX CEO’s testimony.

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LIVE: Sam Bankman-Fried's Judge Sends Jury Home So He Can Hear FTX Founder First at Crypto Fraud Trial

Prosecutors rested their case on Thursday, so SBF's defense lawyers are calling witnesses now.

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Sam Bankman-Fried's Jurors Were Sent Home for the Day, but His Debut on the Stand Was Significant Anyway

Prosecutors rested their case on Thursday, so SBF's defense lawyers are calling witnesses now.

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Scaramucci predicts Sam Bankman-Fried will be ‘skinned alive’ at trial

Anthony Scaramucci, founder of SkyBridge Capital, anticipates a challenging criminal trial for Sam Bankman-Fried, predicting that experienced prosecutors will find weaknesses in his defense. In an Oct.

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SBF Will ‘Get Skinned Alive’ On Trial Says Anthony Scaramucci

Prosecutors will demolish Sam Bankman-Fried's defense by exposing his lies, predicts former backer Anthony Scaramucci.

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Sam Bankman-Fried has no way to ‘outfox’ prosecutors: Scaramucci

SBF taking the stand in his criminal trial is “a very bad move,” as the FTX co-founder will be “skinned alive” by prosecutors, says Anthony Scaramucci.

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FTX Founder Sam Bankman-Fried To Testify In Own Defense On October 26th

In a recent CNBC report, it has been revealed that indicted FTX founder Sam Bankman-Fried will take the stand in his defense, as confirmed by his lawyer.   This decision, while seen as a risky maneuver, will subject Bankman-Fried to cross-examination by federal prosecutors.

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SBF trial day 12: FTX founder misled in-house lawyers on Alameda; use of customer funds

Prosecutors called FTX general counsel Can Sun to the stand following financial forensics and evidence of internal communications potentially implicating Sam Bankman-Fried in criminal wrongdoing at his crypto exchange and trading firm, Alameda Research.

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Judge Kaplan's Ire Hits All Lawyers in the Sam Bankman-Fried Case

We’ve entered the soul-sucking phase of Sam Bankman-Fried’s month-long criminal trial. The part where an antsy Judge Lewis Kaplan paces and glares – and then lashes out at prosecutors (and also defense lawyers) for wasting everyone’s time.

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‘Oh, Yes’: Accounting Prof Says Sam Bankman-Fried’s FTX Definitely Mishandled Customers' Money

Former FTX lobbyist Eliora Katz appeared to mostly be on the stand to allow prosecutors to bring attention to Bankman-Fried's tweets and House testimony, and how they differed from the secret reality that led to the crypto exchange's demise.

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Sam Bankman-Fried Witness Contrasts His Public Comments With FTX's Dangerous Secrets

Former FTX lobbyist Eliora Katz appeared to mostly be on the stand to allow prosecutors to bring attention to Bankman-Fried's tweets and House testimony, and how they differed from the secret reality that led to the crypto exchange's demise.

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Bahamian Prime Minister Asked Sam Bankman-Fried to Give His Son Advice on NFT Project

The email from Philip Davis was presented in court on Tuesday as part of prosecutors’ fraud case against the FTX founder.

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SBF Trial: Judge reprimands defense counsel in Ellison cross-examination

Sam Bankman-Fried’s former business associate Caroline Ellison appeared today for her third day of testimony in the former FTX CEO’s criminal trial. With prosecutors having wrapped their questioning of Ellison, Bankman-Fried’s counsel, Mark Cohen, began his cross-examination today.

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Ellison Was CEO But SBF Was Still Boss at Alameda, Her Testimony Suggests

The testimony of Caroline Ellison, the former business, romantic – and by her estimation, criminal – partner of Sam Bankman-Fried, whom she identified upon prosecutors’ request – began in the vaguest of ways.

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SBF trial day 5: “I’m gonna be a POTUS one day”, Caroline Ellison quotes FTX’s founder

Week 2 of Sam Bankman-Fried’s trial in New York continued after premiere witness accounts from SBF’s inner circle as federal prosecutors pointed the jury to alleged fraudulent schemes masterminded by the FTX founder himself.

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Prosecutors push to silence SBF on FTX’s Anthropic investment

Prosecutors have called for excluding details concerning Anthropic’s recent fundraising activities in the ongoing trial of FTX founder Sam Bankman-Fried. The DOJ and the defense have agreed on several issues that may be raised during witness testimony. However, they remain…

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Sam Bankman-Fried $500M Anthropic stake irrelevant to case, prosecutors say

United States prosecutors argue that the potential for FTX investors to be made whole through the high valuation of Anthropic cannot be presented by Sam Bankman-Fried’s legal team.

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Sam Bankman-Fried's Lawyers Test the Judge's Patience

It could take six weeks for prosecutors to make their case against Sam Bankman-Fried. But only three days were needed for the judge overseeing his trial to lose patience with the former crypto chief’s defense team.

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SBF Trial: Grounded private jets worth combined $70M may be forfeit in Bankman-Fried trial

Federal prosecutors filed a forfeiture bill of particulars on Oct. 5 specifying assets subject to forfeiture in the criminal case against cryptocurrency executive Samuel Bankman-Fried. The filing in New York federal court listed two private jets prosecutors say are subject to forfeiture — a Bombardier Global 5000 and an Embraer Legacy.

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Cocoa broker testifies to Bitcoin holdings on FTX in Sam Bankman-Fried trial

London-based cocoa broker Marc-Antoine Julliard responded to questions from prosecutors on crypto he held on FTX in November 2022.

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No Jury Yet, but We're Getting There

Sam Bankman-Fried had a grin on his face as he entered court on Tuesday morning – clad in a black suit and an uncharacteristically tame (read: closely trimmed) mop of hair. After nine long months, the disgraced crypto founder will finally have the chance to defend himself against a wide array of federal fraud and conspiracy charges tied to the collapse of FTX, his crypto and futures exchange, and Alameda Research, the crypto trading firm he founded and – according to prosecutors – used to illegally re-invest FTX user funds.

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Prosecutors say plea deal was never considered for Sam Bankman-Fried

On the opening day of  Sam Bankman-Fried‘s criminal trial in New York,  U. S. government prosecutors told the court that that no plea deals had ever been under consideration for the accused former CEO.

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No Sam Bankman-Fried Jury Yet; Judge Expects to Cull 50 Prospects Quickly on Wednesday

The FTX founder was never offered a plea deal, Nicholas Roos, one of the federal prosecutors, said.

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Bankman-Fried Seeks to Block Prosecutors Calling FTX Investors, Former Insiders as Witnesses

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.

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SBF lawyers request to block Ukrainian user’s testimony via video, calling circumstances not ‘exceptional’

Lawyers representing Sam Bankman-Fried have rejected a request from prosecutors to let a Ukrainian client of FTX testify via video link in a trial set to commence today, on Oct. 3.

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SBF can't blame FTX counsel in opening remarks, judge rules

The criminal trial against FTX's ex-CEO, Sam Bankman-Fried, will begin on 2 October. Prosecutors are planning to present testimony from customers, investors, and co-conspirators at FTX. Sam The post SBF can't blame FTX counsel in opening remarks, judge rules appeared first on AMBCrypto.

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Prosecutors object to SBF’s lengthy jury selection queries

U.S. prosecutors state FTX founder Sam Bankman-Fried has proposed extensive and intrusive jury questions for his upcoming fraud trial. On Sept. 15, prosecutors from the Southern District of New York requested the judge overseeing the upcoming criminal trial to reject…

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Prosecutors Disapprove of SBF’s ‘Time-Consuming’ Jury Selection Questions

The US government has accused Sam Bankman-Fried (SBF) of proposing unnecessary and time-consuming questions for jury selection, calling them repetitive, prejudicial, and argumentative in a recent court filing.

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Sam Bankman-Fried Trial: Prosecutors Slam Proposed Questions For Jury Selection

Prosecutors in the case against the former CEO of the now-defunct FTX exchange, Sam Bankman-Fried (SBF), have pushed back against the defense’s suggested questions for jury selection. The co-founder faces seven counts of fraud-related offenses, including wire fraud of FTX customers.

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DOJ Slams Sam Bankman-Fried’s ‘Intrusive’ Proposed Jury Questions

Federal prosecutors are criticizing void dire questions proposed by Sam Bankman-Fried's defense team.

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DOJ 'Overreaching' in Trying to Block Sam Bankman-Fried's Proposed Witnesses, Defense Says

Prosecutors with the U. S. Department of Justice are trying to limit FTX founder Sam Bankman-Fried's right to a fair trial by moving to block all of his proposed expert witnesses, defense attorneys said.

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