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Sam Bankman-Fried's defense attorneys say he doesn't have enough Adderall. Before the trial began, they had written to the judge asking for "uninterrupted access" to the drug. AdvertisementAdvertisementProsecutors in Sam Bankman-Fried's trial raise concerns about the former cryptocurrency mogul's repeated requests for more Adderall during his criminal trial, claiming in court Monday that his doctor "has engaged in some suspect practices." AdvertisementAdvertisementBut, as Bankman-Fried's attorneys revisited their medicinal complaint in court on Monday, the prosecution accused them of using a sham doctor who overprescribes to patients. When Bankman-Fried's lawyers suggested stopping the trial until then, Kaplan refused.
Persons: Sam Bankman, SBF, , mogul's, Danielle Sassoon, Lewis Kaplan, overprescribes, Sassoon, Mark Cohen, Fried, Cohen, Kaplan, hasn't Organizations: Service, US, Bureau of Prisons, Metropolitan Detention Center, Marshalls, Federal Bureau of Prisons Locations: Brooklyn
Caroline Ellison testified that Sam Bankman-Fried paid millions in bribes to Chinese officials. AdvertisementAdvertisementCaroline Ellison testified at Sam Bankman-Fried's criminal trial Wednesday that she believed the disgraced crypto mogul paid "in the ballpark of $100 million" in bribes to Chinese government officials. When Alameda paid what I believe was a large bribe to Chinese government officials to get our accounts unlocked," Ellison said. AdvertisementAdvertisement"My impression is that they were unfrozen by paying a bribe," Ellison testified Wednesday. In it, Ellison listed "$150 million for the thing" among other big events for Alameda Research in 2021.
Persons: Caroline Ellison, Sam Bankman, Fried, Ellison, , Danielle Sassoon, David Ma, Ma, commingling, Lewis Kaplan, Kaplan Organizations: Service, Alameda Research, Alameda, Prosecutors, Bankman Locations: Alameda, China, Manhattan, California
Sam Bankman-Fried was supposed to speak at the WEF's flagship event in Davos. However, he decided not to show up the night before the event, per Michael Lewis' biography on the disgraced FTX founder. Lewis wrote SBF would cancel on people "because he'd done some math in his head that proved that you weren't worth the time." "CEOs had flown to the Bahamas under the mistaken impression that Sam had agreed to buy their companies," Lewis wrote in his book. The World Economic Forum Annual Meeting is the organization's flagship event held at the end of each January in Davos, Switzerland.
Persons: Sam Bankman, Fried, Michael Lewis, Lewis, SBF, , Sam, It's, Mark Cohen Organizations: Service, Economic, Political, Bankman Locations: Davos, Davos —, Bahamas, Switzerland, Dubai
Sam Bankman-Fried wasn't offered any plea deals in fraud trial, prosecutors said. The criminal trial against Bankman-Fried kicked off on Tuesday with jury selection. The trial addresses the historic collapse of crypto exchange platform FTX. AdvertisementAdvertisementThe US government confirmed on Tuesday that Sam Bankman-Fried hadn't been offered any plea deals in the criminal case. AdvertisementAdvertisementThe criminal trial will address the historic collapse of the crypto exchange platform FTX.
Persons: Sam Bankman, Fried wasn't, Fried, , hadn't, Caroline Ellison, Gary Wang Organizations: Bankman, Service, US Department of Justice, Alameda Research, Prosecutors
Michael Lewis gave a peek into details from his new book on Sam Bankman-Fried in a tell-all interview. AdvertisementAdvertisement"The Big Short" author Michael Lewis shared some of the wildest details from his forthcoming book on disgraced FTX cofounder Sam Bankman-Fried during a tell-all interview with "60 Minutes" on Sunday. Tom Brady and Sam Bankman-Fried had an unlikely friendship, according to Michael Lewis. Sam Bankman-Fried, a known "League of Legends" fan, played a video game during his first live TV interview, Michael Lewis said. Sam Bankman-Fried.
Persons: Michael Lewis, Sam Bankman, Lewis, SBF, Tom Brady, Donald Trump, , Bankman, Sam, Erin Schaff, Insider's Lloyd Lee, Fried, Trump, Brady, Sebastian Widmann, Sam wasn't, FTX, he's, Larry David, Steph Curry's, Steph Curry, Anna Wintour, Matt Winkelmeyer, Vogue's Anna Wintour, Wintour, Spokespeople, David, Curry, Michael M, Bernie Madoff, Elizabeth Holmes, Jim Spellman, WireImage Lewis Organizations: Service, Trump, NFL, Super, Miami, Sequoia Capital, Metropolitan Detention, Prosecutors, Alameda Research, Bankman Locations: New York, Trump, Hollywood, America, Bahamas, Brooklyn
Sam Bankman-Fried denied any role in the recently reported transfers of funds involving Alameda. A federal judge sided with prosecutors and blocked him from accessing Alameda and FTX assets. US district judge Lewis Kaplan, who presided over Bankman-Fried's arraignment on Tuesday in which the FTX and Alameda founder pleaded not guilty, granted prosecutors' request to restrain him from such transactions. Kaplan's ruling blocks Bankman-Fried from those transactions, though it allows him to come to an agreement with prosecutors about a possible different arrangement. On Tuesday, Kaplan set October 2 as a date for a trial, though Bankman-Fried could work with prosecutors to negotiate a plea deal before then.
Disgraced FTX CEO Sam Bankman-Fried said he used to work 18 hours a day, per his planned testimony. In his 7,000-word draft, Bankman-Fried wrote that he was "less grounded in operational details" in the months leading up to his exchange's downfall. "I also prided myself on having a strong work ethic; I began FTX routinely working 18 hour days. In the planned testimony, he blamed himself for making a "number of significant mistakes" but said he didn't know about risky investments executed by FTX. Bankman-Fried's spokesperson, Mark Botnick, told Insider he had no further comment on Bankman-Fried's testimony draft.
Former FTX CEO Sam Bankman-Fried wasn't the only company executive who put big money behind campaigns aligned with the Democratic Party. Singh donated $8 million to federal campaigns in the 2022 election cycle, and all of it went to Democrats, according to the nonpartisan OpenSecrets. He was among a handful of former senior officials at FTX who were deeply involved with financing the 2022 midterms. Two years later, Singh donated $1 million to Future Forward USA, a PAC that backed President Joe Biden's 2020 run for president, records show. Singh, who was among the FTX leaders initially fired after the company collapsed, did not return repeated requests for comment.
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