Federal prosecutors want a judge to uphold charges against FTX founder Sam Bankman-Fried. Bankman-Fried, accused of masterminding a multibillion-dollar fraud scheme at the collapsed cryptocurrency exchange, asked Judge Lewis Kaplan earlier this month to dismiss the case against him. Now, prosecutors say the arguments in...
It’s been a busy week for John J. Ray III and his team. The man who unwound the Enron disaster, and is now responsible for overseeing the restructuring of the bankrupt crypto exchange FTX’s multibillion-dollar implosion, successfully added more than half a billion dollars to...
March 21, 2024
FTX’s CEO says Sam Bankman-Fried’s deception didn’t stop with his fraud conviction. In a victim impact statement filed Wednesday (March 20) ahead of Bankman-Fried’s sentencing next week, FTX chief executive John Ray writes that the one-time cryptocurrency wunderkind’s contention that his former customers will be repaid in full is false. “Customers still will never be […]
May 30, 2023
Federal prosecutors want a judge to uphold charges against FTX founder Sam Bankman-Fried. Bankman-Fried, accused of masterminding a multibillion-dollar fraud scheme at the collapsed cryptocurrency exchange, asked Judge Lewis Kaplan...
