The U.S. Department of Justice filed its proposed set of jury instructions for Sam Bankman-Fried’s October trial a day before he is set to be arraigned on a new superseding indictment. Prosecutors filed the document, titled “the government’s requests to charge,” late Monday, adapting from various previous sets of jury instructions including past statements from … Read more
Sam Bankman-Fried will have five and a half hours with his attorneys, minus any time spent being arraigned yet again Tuesday on his latest indictment, which folded campaign finance allegations into existing charges. Bankman-Fried, who pleaded not guilty to most of those same charges, faces a new superseding indictment after prosecutors said they would have … Read more
The Federal Reserve Board has ordered FTX-linked Farmington State Bank to wind down its operations after the tiny bank secretly engaged in digital assets-related activities, according to a Thursday enforcement action. Farmington, which operates under its Moonstone Bank name, “improperly” pivoted to a pro-digital assets business plan in 2022 without notifying, and obtaining approval from, … Read more
A judge revoked FTX founder Sam Bankman-Fried’s bond Friday, sending him to jail ahead of his trial in October. Bankman-Fried faces seven different charges tied to the collapse of FTX, including wire, commodities and securities fraud. NEW YORK — FTX founder Sam Bankman-Fried was sent to jail ahead of his October trial on multiple financial … Read more