Sam Bankman-Fried

Stories 21 - 40 | << Prev   Next >>

Judge Hears Partial Testimony From SBF First, Without Jury
SBF Runs
Testimony By
Judge First
Oct 26, 2023 4:20 PM CDT

SBF Runs Testimony By Judge First

Jurors are sent home before decision is made on what defendant can tell them

(Newser) - Sam Bankman-Fried took a test run at testifying at his New York fraud trial Thursday when a judge sent jurors home so he could hear snippets of testimony and decide what the FTX founder will be allowed to tell them, the AP reports. Bankman-Fried has decided to testify Friday to...

Sam Bankman-Fried Will Roll the Dice, Take the Stand

Legal experts say it could be the Hail Mary he needs

(Newser) - In what's being categorized as a legal Hail Mary, a lawyer for Sam Bankman-Fried on Wednesday confirmed the FTX founder plans to take the stand in his defense. With federal prosecutors poised to rest their case Thursday morning, the AP reports Judge Lewis A. Kaplan put it like so...

As SBF's Trial Plows Ahead, Questions Arise on His Parents

Bloomberg details Joe Bankman, Barbara Fried's influence and involvement in FTX crypto empire

(Newser) - Last December, FTX founder Sam Bankman-Fried insisted to the New York Times that his parents, Joseph Bankman and Barbara Fried, "weren't involved in any of the relevant parts" of his now-defunct cryptocurrency business. Writing for Bloomberg , Max Chafkin and Hannah Miller dive deeper into that murky relationship, coming...

His Trial Is Halfway Over, and SBF May Be in Trouble

Observers say prosecutors keep scoring, as the defense struggles

(Newser) - The high-profile trial of former crypto superstar Sam Bankman-Friedman is halfway through its expected six-week duration—and an analysis at the Washington Post suggests SBF might be in serious trouble. "The case has turned out to be not only as strong as it was expected to be but, if...

SBF 'Scoffed, Laughed' as His Ex Testified: Prosecutor

Caroline Ellison's testimony concluded Thursday

(Newser) - As his ex-girlfriend and the former CEO of one of his companies testified against him in his fraud trial, Sam Bankman-Fried "laughed, visibly [shook] his head, and scoffed" multiple times, according to the prosecutor who was questioning Caroline Ellison. During a sidebar between lawyers and the judge in the...

SBF's Ex Describes Final Days of FTX

Caroline Ellison says she was relieved she didn't have to lie anymore

(Newser) - Sam Bankman-Fried's former top executive, testifying in Manhattan federal court Wednesday, blamed the FTX founder for corrupting her values so she could lie and steal and got emotional when describing the cryptocurrency empire's final days, saying the collapse of his businesses resulted in a "relief that I...

SBF's Ex-Girlfriend: He 'Directed' Me to Break Law

Caroline Ellison, who ran his Alameda trading platform, pins the blame on Sam Bankman-Fried

(Newser) - The government's star witness in its case against alleged crypto swindler Sam Bankman-Fried took the stand on Tuesday—and she pinned the blame squarely on him. "He directed me to commit these crimes," said Caroline Ellison, 28, per the New York Times . Ellison has a singular role...

SBF Made the Decisions, Former Executive Testifies

Gary Wang says FTX founder was behind the misuse of customers' $8B

(Newser) - There was no doubt about who made the major calls at FTX, a former top executive has testified in the federal fraud trial of Sam Bankman-Fried, founder of the collapsed cryptocurrency exchange. "In the end, it was Sam's decision," Gary Wang, who took the stand for six...

One Journalist Was Beside SBF as FTX Boomed and Collapsed
His Access to
SBF Was Wild.
This Is the Result
longform
Oct 4, 2023 3:23 PM CDT

His Access to SBF Was Wild. This Is the Result

Michael Lewis' latest is 'Going Infinite: The Rise and Fall of a New Tycoon'

(Newser) - "Michael's got a horseshoe in his underwear," is how Billy Beane put it to the Guardian . He's talking about Michael Lewis, the acclaimed journalist of Moneyball (Beane was a "character" in that one), Big Short, and Liar's Poker fame. He also happened to have...

SBF Shows Up in Court With Very Different Hair

FTX founder Sam Bankman-Fried boasted surprising new coif during Tuesday court showing

(Newser) - Sam Bankman-Fried's wild mane of hair has earned almost as much notice as his alleged crimes, but we'll now have to get used to seeing him without it. The Guardian reports that the FTX founder, accused of fraud and money laundering, showed up for the first day of...

Biggest Surprise of SBF Trial? That It's Happening at All

Former poster boy for cryptocurrency is in court this week, and crypto world is rooting against him

(Newser) - This week brings a milestone in the world of cryptocurrency—the trial of accused fraudster Sam Bankman-Fried begins Tuesday in New York. Bankman-Fried, or SBF, founded the FTX exchange that famously went belly-up and cost a lot of people—many of them everyday investors swayed by celebrity endorsements—a lot...

FTX Is Taking Bankman-Fried's Parents to Court

Lawsuit seeking to claw back funds alleges Bankman, Fried 'ignored bright red flags'

(Newser) - Joe Bankman and Barbara Fried are being sued by the company their son used to run. FTX filed a lawsuit against the couple late Monday, seeking to reclaim funds it claims were "fraudulently transferred and misappropriated" by Sam Bankman-Fried's parents, CNN reports. The lawsuit filed in a Delaware...

Lawyer: SBF Is Living on Bread, Water, PB

Vegan is having a hard time behind bars, lawyer says

(Newser) - Sam Bankman-Fried is living entirely on bread, water, and occasionally peanut butter, according to a lawyer for the FTX founder. Bankman-Fried was earlier this month ordered to spend the time leading up to his October fraud trial in a Brooklyn jail rather than at his parents' house in Palo Alto,...

Judge Orders SBF Jailed Until Fraud Trial Begins

Sam Bankman-Fried tried to intimidate a potential witness, court rules

(Newser) - Accused of attempting to intimidate a witness, Sam Bankman-Fried was ordered Friday to await his fraud trial in jail rather than in his parents' home. US District Judge Lewis Kaplan made his decision after prosecutors told the Manhattan court the founder of FTX had acted to intimidate a witness. "...

Suit: SBF Had Eye on Buying Money-Laundering Haven

FTX founder wanted to scoop up island nation of Nauru, build bunker for the apocalypse, per suit

(Newser) - Sam Bankman-Fried likely had a lot of plans for the billions of dollars once in his digital wallet, but one that hasn't been talked about yet was his idea to scoop up an island nation, build a bunker for himself and other elites in his movement, and ride...

More Bad News for SBF
More Bad News
for SBF
Mar 28, 2023 11:40 AM CDT

More Bad News for SBF

FTX founder has been indicted on charges of bribing Chinese officials to unlock $1B in crypto

(Newser) - If indictments were worth money, Sam Bankman-Fried might be accumulating enough of them to fix the failure of FTX . Feds on Tuesday announced that they've indicted the erstwhile 31-year-old billionaire on charges of conspiring to bribe Chinese government officials to unlock some $1 billion in cryptocurrency held by his...

Another Member of Bankman-Fried&#39;s Inner Circle Pleads Guilty
FTX Co-Founder
Pleads Guilty
Mar 1, 2023 6:40 PM CST

FTX Co-Founder Pleads Guilty

'I am unbelievably sorry for my role in all of this,' says Nishad Singh

(Newser) - FTX co-founder Nishad Singh pleaded guilty to six fraud and money laundering charges Tuesday, becoming the third exec from the collapsed cryptocurrency to agree to cooperate with prosecutors. The 27-year-old admitted that he knew founder and former CEO Sam Bankman-Fried was cheating customers by sending their funds, without their knowledge,...

Bankman-Fried Faces More Charges, Time

Potential prison sentence for conviction on all counts reaches 155 years

(Newser) - FTX founder Sam Bankman-Fried was hit with new fraud charges when an updated indictment was unsealed Thursday in Manhattan federal court. Prosecutors accuse him of cheating thousands of investors out of billions of dollars while casting himself as a trustworthy "savior of the cryptocurrency industry"—an image boosted...

Bankman-Fried's Bond Co-Signers Revealed

They're both tied to Stanford

(Newser) - Sam Bankman-Fried's $250 million bail deal was secured with help from scholars at Stanford, where his parents work as law professors. Court documents released Wednesday reveal Larry Kramer, dean emeritus at Stanford Law School, and Stanford computer scientist Andreas Paepcke joined Bankman-Fried's parents as guarantors of one of...

FTX Would Like Its Donations Back, Please

Vaporized crypto exchange wants something on the order of $93M returned by Feb. 28

(Newser) - In the election cycle just past, then-wunderkind crypto gazillionaire Sam Bankman-Fried and his FTX cronies opened up their wallets and showered candidates with cash in what CoinDesk calls "a monumental influence campaign that crossed party lines." Now that FTX is bankrupt, and SBF's wallet is pretty much...

Stories 21 - 40 | << Prev   Next >>