Sam Bankman-Fried trial poses biggest test to date for crypto's top cop
Sam Bankman-Fried's upcoming trial on fraud charges marks a major test for a broader crackdown on white collar crime led by Manhattan's top federal prosecutor: Damian Williams.
Upon taking office in late 2021 as the U.S. Attorney for the Southern District of New York, Williams said «rooting out corruption in our financial markets» would be one of his top priorities — a familiar role for an office known as the main enforcer on Wall Street.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Applied Business AnalyticsVisitIndian School of BusinessISB Professional Certificate in Digital MarketingVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisitIndian School of BusinessISB Digital Marketing and AnalyticsVisit The Yale Law School graduate has since brought several indictments against former executives in the rough-and-tumble cryptocurrency space, as well as high-profile fraud charges against executives such as Charlie Javice of college financial aid platform Frank, Bill Hwang of Archegos Capital Management, and Joe Lewis, the billionaire former owner of an English soccer team. Javice, Hwang and Lewis have pleaded not guilty.
Bankman-Fried's will be the first of Williams' blockbuster white collar cases to go to trial.
The meteoric rise and even faster fall of the curly-haired, 31-year-old former billionaire who ran the FTX cryptocurrency exchange until its November 2022 collapse has captivated public attention, which will now be focused on how Williams' office handles the prosecution of the once-influential political donor accused of stealing billions of dollars in customer funds.
The cases Williams, 43, has brought so far
