October 05, 2023
Law360 reporters are providing live updates on the fraud trial of FTX Trading Ltd. founder Sam Bankman-Fried. Here's a recap of day three.
October 04, 2023
A lawyer for Sam Bankman-Fried insisted on the first day of trial Wednesday that the FTX founder never intended to steal customer money, telling a New York federal jury that prosecutors have taken good-faith business practices "out of context to make Sam look like a bad guy."
October 04, 2023
Law360 reporters are providing live coverage of the fraud trial of FTX Trading Ltd. founder Sam Bankman-Fried in Manhattan. Here's a recap of day two.
October 03, 2023
As the criminal trial of Sam Bankman-Fried gets underway, his now-bankrupt cryptocurrency exchange FTX will travel a path carved by past fraud cases like Enron, Adelphia and the Bernie Madoff Ponzi scheme, each of which left a mark on bankruptcy history.
October 03, 2023
As Sam Bankman-Fried goes on trial this week, bankrupt cryptocurrency exchange FTX Trading will have to get in line with other creditors to recover on claims against its founder if he is found guilty on charges that he defrauded the business.
October 03, 2023
A Manhattan federal judge waded through jury selection Tuesday in FTX founder Sam Bankman-Fried's trial on charges of looting billions of dollars from the fallen crypto exchange, after a prosecutor said no substantive plea talks were ever held.
October 03, 2023
With the trial of Sam Bankman-Fried getting underway Tuesday in Manhattan federal court, three members of the FTX founder's inner circle will soon testify about his alleged scheme to drain billions from the crypto exchange. Here, Law360 looks at the key cooperators preparing to take the witness stand during the government's case-in-chief.
October 03, 2023
A day before his fraud trial began Tuesday in New York federal court, FTX founder Sam Bankman-Fried filed suit against his excess insurer Continental Casualty Co., claiming that the firm has improperly refused to cover his defense costs.
October 03, 2023
Before his Bahama-based crypto exchange went down in flames, FTX founder and former CEO Sam Bankman-Fried contends that when he visited New York, he would sometimes work out of Sullivan & Cromwell LLP's offices.
October 02, 2023
A New York federal judge barred indicted FTX founder Sam Bankman-Fried from pointing the finger at his former attorneys in his opening statement of his criminal fraud trial, but said he'll consider references to legal advice Bankman-Fried may have received on a "case-by-case" basis as the trial proceeds.