New York prosecutors say Sam Bankman-Fried's lawyers made meritless arguments in a bid to convince a judge to toss out criminal charges alleging that the FTX founder stole from investors in his multibillion dollar cryptocurrency fund.
FILE - FTX founder Sam Bankman-Fried leaves Manhattan federal court in New York, Feb. 16, 2023. Sam Bankman-Fried’s lawyers made meritless arguments in a bid to convince a judge to toss out criminal charges alleging that the FTX founder stole from investors in his multibillion dollar cryptocurrency fund, federal prosecutors said Monday.
“These motions are meritless,” prosecutors wrote in a nearly 100-page filing. “The charges track the relevant statutes and the defendant’s alleged misconduct falls within the heartland of what these statutes prohibit.” In March, new charges added to the indictment alleged that Bankman-Fried violated the anti-bribery provisions of the Foreign Corrupt Practices Act by directing the payment of $40 million in bribes to a Chinese official or officials to free up $1 billion in cryptocurrency that was frozen in early 2021.
Prosecutors, though, asked Judge Lewis A. Kaplan to let all charges proceed. They said the claims against the original charges were legally sufficient and that permission is being sought from the Bahamas to permit the newest charges.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. Criminal Charges Against Sam Bankman-Fried Don’t Warrant Dismissal, Prosecutors SayU.S. Prosecutors have said criminal charges against SBF_FTX are valid, after lawyers for the FTX_Official founder moved to have the accusations dismissed earlier this month. thesamreynolds reports
Read more »
Bankman-Fried charges should not be tossed, prosecutors sayProsecutors urged a Manhattan federal court judge on Monday to deny a request by FTX founder Sam Bankman-Fried to dismiss criminal charges accusing him of stealing billions of dollars from customers to plug losses at his hedge fund.
Read more »
Maduros (Fried Ripe Plantains) with Mint Mojo RecipeRipe plantains are slow-fried in oil until deeply caramelized and sweet. They get served with an herbal mint and parsley mojo sauce that brings a bright, acidic element to the sweet-and-savory snack.
Read more »
New 'Avatar: The Last Airbender' Animated Movie Will Feature an Entirely New Voice CastJessie Flower told MomoCon attendees that the old voices of Team Avatar probably won't be back for the new film in 2025.
Read more »
Four great white sharks detected off New York, New Jersey coasts in recent weeksMarine experts said the great white sharks are making their annual migration from the Florida Keys to the northeast.
Read more »