Lewis Kaplan News

Sam Bankman-Fried of stealing billions of dollars from customers of his FTX cryptocurrency exchange only saw «half the picture» because the judge did not allow in critical evidence, his lawyer argued in their appeal on Friday. In a 102-page brief filed with the 2nd U.S. Circuit Court of Appeals, Bankman-Fried's lawyer wrote that U.S. District Judge Lewis Kaplan erred in preventing the 32-year-old former billionaire from introducing evidence to back up his belief that FTX had enough funds to cover customer withdrawals. «The government thus presented a false narrative that FTX's customers, lenders, and investors had permanently lost their money,» lawyer Alexandra Shapiro wrote in urging the appeals court to overturn Bankman-Fried's conviction and 25-year prison sentence. «The jury was only allowed to see half the picture.»

Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk and Bitcoin Magazine.

Julia is an experienced editor with a passion for covering a wide variety of beats. She loves all things politics and regularly covers regulatory updates on emerging technology here for Crypto News.

Federal officials are transfering former FTX CEO Sam Bankman-Fried to a new prison in California.

Sam Bankman-Fried, facing the prospect of spending much of his adult life behind bars, on Thursday appealed his conviction and 25-year prison sentence for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded. Defense lawyer Marc Mukasey had announced plans for the appeal to the Manhattan-based 2nd U.S. Circuit Court of Appeals during Bankman-Fried's March 28 sentencing hearing. The 32-year-old former billionaire crypto wunderkind was convicted in November on seven counts of fraud and conspiracy in what federal prosecutors have called one of the biggest financial frauds in U.S. history.

Inmates can make ceramics or crochet at a federal prison in Lompoc, Calif. At a federal prison in Mendota, a few hours away, inmates can have a harmonica or play basketball on one of five facility courts. Those prisons represent possible landing places for FTX founder Sam Bankman-Fried, who will in coming months report to begin serving his 25-year sentence, imposed Thursday by U.S.

Bankman-Fried was found guilty on seven counts last November following a highly publicised trial in Manhattan federal court in one of the biggest financial fraud cases in history.Prosecutors had sought a prison sentence of between 40 and 50 years, while Bankman-Fried's lawyer argued for less than five and a quarter years.Before sentencing, US District Judge Lewis Kaplan said: "He knew it was wrong. He knew it was criminal.

FTX’s caretaker chief executive has branded Sam Bankman-Fried a deluded criminal who masterminded a “colossal fraud,” and accused the bankrupt cryptocurrency exchange’s founder of lying about the losses incurred by former customers in an attempt to reduce his sentence.

John Ray III, the CEO and restructuring officer of FTX, has criticized an attempt made by Sam Bankman-Fried’s lawyers to reduce his sentence, emphasizing that the victims of the fraud “have suffered and continue to suffer.” 

Lawyers representing former FTX CEO  Sam Bankman-Fried, aka SBF, have criticized the government’s proposal for a maximum sentence of 50 years in prison, saying it is “not justice.”

By Luc Cohen

By Jonathan Stempel

Donald Trump on Friday posted a $91.6 million bond to cover the defamation verdict in favor of writer E. Jean Carroll, and began his appeal of the case that arose from his branding her a liar after she accused him of raping her decades ago. The bond from Federal Insurance Co, part of the insurer Chubb, would cover Carroll's $83.3 million judgment if Trump were to lose his appeal of the Jan. 26 verdict and refuse to pay.

Family members of former FTX chief Sam Bankman-Fried have written individual letters to the federal judge who will determine his sentence, according to a February 27 filing in the United States District Court for the Southern District of New York. Barbara Fried, Joseph Bankman, and Gabriel Bankman-Fried — SBF’s mother, father, and brother — submitted pleas for leniency.

Moses Singer LLP partner Howard Fischer tells ‘The Claman Countdown’ that both sides in Sam Bankman-Fried’s case will ‘make good arguments.’

Lawyers for FTX founder Sam Bankman-Fried have proposed a sentence of 63 to 78 months in prison for their client, citing his charitable work and young age. Bankman-Fried was found guilty on multiple charges, including defrauding FTX customers of $8 billion.

Disgraced former FTX CEO Sam Bankman-Fried (SBF) on Wednesday confirmed plans to stick with his new lawyers Marc Mukasey and Torrey Young, who are also representing Celsius CEO Alex Mashinsky, according to a report by Reuters.

jury in New York ordered former US president and 2024 candidate Donald Trump on Friday to pay $83.3 million to compensate the writer E. Jean Carroll whom he was found to have sexually assaulted and defamed. The civil order, which prompted an audible gasp in the federal court, far exceeds the more than $10 million in damages for defamation that Carroll had sought.

NEW YORK (Reuters) — The trial in writer E. Jean Carroll's latest civil case against Donald Trump resumes on Monday, with the prospect that the former U.S. president may for the first time testify in open court in the defamation case.

(Reuters) — Donald Trump should not be forced to testify as to his own guilt or face strict warnings about crossing red lines in his remarks should the former U.S. president choose to testify in a defamation trial set to begin this week, his legal team argued on Sunday.

The legal proceedings involving former FTX CEO Sam Bankman-Fried took a significant turn recently when U.S. federal judge Lewis Kaplan denied Bankman-Fried's request for an adjournment of his sentencing hearing. This decision has implications for the timeline of the case and highlights the complexities surrounding high-profile legal cases in the cryptocurrency world.