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☆ Diddy may ask a judge to drop his sex trafficking case because the Bureau of Prisons took pictures of his to-do list
▼ + stars: | 2024-11-20 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Photos of Combs' handwritten to-do list should never have been given to prosecutors, a lawyer said. "I think it's clear that this material is outside the defense defending a criminal case," the prosecutor told the judge of the to-do list excerpts. The filter team then extracted all attorney-client material before passing the remaining photographs along to the Combs prosecutors, Slavik told the judge. Combs is due back in court on Friday, when his defense team will make a third argument for bail. Prosecutors cannot refer to Combs' disputed to-do list tasks in opposing bail, the judge ordered.

Persons: Sean, Diddy, Combs, —, Marc Agnifilo, Arun Subramanian, Agnifilo, Christy Slavik, Slavik Organizations: of Prisons, News, US, Brooklyn's Metropolitan Detention Locations: Brooklyn, Manhattan, Brooklyn's

A federal grand jury in New York is hearing new evidence this week as part of the investigation into Sean "Diddy" Combs. Attorney Ariel Mitchell-Kidd told NBC News on Wednesday that a male client of hers is testifying before a grand jury in the Southern District of New York on Thursday. A source familiar with the grand jury proceedings confirmed that a male is expected to testify Thursday. NBC News has reached out to Combs' legal team for comment. Mr. Combs and his legal team have full confidence in the facts and the integrity of the judicial process.

Persons: Sean, Diddy, Combs, Ariel Mitchell, Kidd, Emily Johnson, Tony Buzbee, “, we’ve, ” Combs, Casandra Ventura, Ventura Organizations: NBC News, of, U.S, Attorney's, Brooklyn's Metropolitan Detention Center, CNN, Prosecutors Locations: New York, Southern, of New York, Brooklyn's, Texas

☆ Diddy hires a new lawyer who is also representing his jail roommate Sam Bankman-Fried
▼ + stars: | 2024-10-01 | by ( Jacob Shamsian | Natalie Musumeci | ) www.businessinsider.com time to read: +2 min

Sean "Diddy" Combs hired a new lawyer to try to get out of jail. The same attorney, Alexandra Shapiro, represents Sam Bankman-Fried. The new lawyer he picked up is also representing his roommate, notorious fraudster Sam Bankman-Fried. Shapiro is representing Bankman-Fried on appeal after the FTX and Alameda Research founder was sentenced to 25 years in prison and convicted by a jury on fraud, money laundering, and conspiracy charges. Shapiro didn't immediately respond to a request for comment, and neither did an attorney representing Combs in his earlier bond arguments.

Persons: Sean, Diddy, Combs, Alexandra Shapiro, Sam Bankman, SBF, —, Ruth Bader Ginsburg, Shapiro, Fried, he's, wunderkind, Shapiro didn't Organizations: Service, Supreme, Alameda Research, Detention Center, Bankman Locations: Brooklyn, Brooklyn's

☆ Diddy remains jailed as judge expresses concern he could send 'coded messages' to employees
▼ + stars: | 2024-09-18 | by ( Jacob Shamsian | Laura Italiano | ) www.businessinsider.com time to read: +8 min

Read previewSean "Diddy" Combs will remain in jail after failing to convince the second federal judge in as many days to accept his $50 million bond package. Carter's decision may keep Combs confined in a notoriously violent and uncomfortable Brooklyn jail until he takes a plea or goes to trial. On Wednesday, Carter heard Comb's appeal on that decision — but agreed with Tarnofsky that Combs should remain behind bars. Federal prosecutors in Manhattan have accused Combs of sex-trafficking, illegally transporting people for sex, and running a racketeering conspiracy. He said Combs could still try to use the employees at his many companies — possibly by using "coded messages" — to act on his behalf and potentially pressure witnesses.

Persons: —, Sean, Diddy, Combs, Andrew Carter, Cassandra, Cassie, Ventura, Carter, Robyn Tarnofsky, Tarnofsky, Emily Johnson, Johnson, I'm, he's, Marc Angliofo, Angliofo, Sam Bankman, Kelly, Ghislaine Maxwell, Michael Cohen, Cassie Ventura, Emma McIntyre, Agnifilo, Angifilio Organizations: Service, Business, Miami, Sage Intelligence, Records, of Prisons, Brooklyn's Metropolitan Detention, Prosecutors Locations: Brooklyn, Manhattan, Ventura, Miami, Brooklyn's

☆ Diddy's lawyers are headed back to court Wednesday to negotiate his release from jail on a $50 million bond
▼ + stars: | 2024-09-18 | by ( Jacob Shamsian | Laura Italiano | ) www.businessinsider.com time to read: +5 min

Read previewLawyers for Sean "Diddy" Combs are trying again Wednesday to keep him out of jail ahead of his criminal trial, asking another federal judge to accept a $50 million bond package. Tarnofsky's decision meant Combs would be in jail ahead of his criminal trial, which has not yet been scheduled. Related storiesAngifilio stressed at the Tuesday hearing and in court documents that Combs had taken extraordinary measures to cooperate with prosecutors for months. Carter, the district court judge, may now decide whether to reconsider the terms of Comb's release and set him free pending trial. Combs or prosecutors may also appeal Carter's decision to the US Second Circuit Court of Appeals, and from there to the US Supreme Court.

Persons: —, Sean, Diddy, Combs, Robyn Tarnofsky, Tarnofsky, Andrew Carter, Sam Bankman, Kelly, Ghislaine Maxwell, Michael Cohen, Marc Agnifilo, Cassie Ventura, Ventura, Agnifilo, Angifilio, Carter Organizations: Service, Business, of Prisons, Detention, Federal, Miami, Prosecutors, Metropolitan Detention, US, Circuit, Appeals Locations: Manhattan, Brooklyn's

☆ Sports gambling is taking a cue from Wall Street, and it could be a problem for sportsbooks
▼ + stars: | 2024-05-10 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at how a sports bettor trying to hedge a $1.7 million payout shows the gambling world is taking a page out of Wall Street's book . The big storySports gambling goes Wall StreetiStock; Rebecca Zisser/BIHow would you like to turn $100 into $1.7 million in a little over a year? Thanks to a secondary market for gambling tickets, Shelton could sell his ticket to another bettor. And not unlike Wall Street's feelings about retail traders, Shelton is the type of gambler sportsbooks love. Unlike mom-and-pop gamblers who often bet on a whim, so-called sharps' systematic approach to gambling can pose a problem for sportsbooks.

Persons: —, Rebecca Zisser, Wayne Shelton, Shelton, Matthew Fox, Anthony Edwards, Joshua Gateley, sportsbooks, Shelton's longshot, Goldman Sachs, Sam Bankman, Fried, Puck, SBF, Justin Sullivan, Getty Sundar Pichai, Pichai, Jack Dorsey, he'd, Mike Solana, Dorsey, Bluesky, Demis, Microsoft's Mustafa Suleyman, they'd, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Sports, MLB, NFL, NBA, Oklahoma City Thunder, Thunder, Dallas Mavericks, Western Conference, ESPN, Boston Celtics, Minnesota Timberwolves, Getty, Detention, MDC, Bloomberg, Bay Area, YouTube, Spotify, Apple, Warner Brothers, Justice League, Big, Honda Locations: China, Russia, Brooklyn's, Young, New York City, New York, Bay, London

Sam Bankman-Fried has been sentenced to 25 years in prison. US District Judge Lewis Kaplan sentenced Bankman-Fried Thursday to 25 years in prison. In his sentencing, Kaplan described Bankman-Fried as ambitious and deceitful, willing to gamble with his customers' livelihoods. He knew it was criminal," Kaplan said as Bankman-Fried slumped in his chair. AdvertisementNow that Bankman-Fried's sentencing is over, Kaplan, the judge, will likely swiftly order sentencing hearings for Ellison, Wang, and Singh.

Persons: Sam Bankman, Fried, —, Lewis Kaplan, Bankman, Kaplan, Prosecutors, Bernie Madoff, Marc Mukasey, Mukasey, perjured, it's, FTX, Caroline Ellison, Gary Wang, Nishad Singh —, Ellison, Wang, Singh, Ryan Salame, I've, didn't, John J, Ray III, Ray, Joseph Bankman, Barbara Fried Organizations: Service, Justice Department, FTX, Alameda Research, Prosecutors, Detention, Federal Bureau of Prisons Locations: Manhattan, FTX, Bahamas, Washington , DC, Brooklyn's, San Francisco

☆ Sam Bankman-Fried is dispensing crypto investment tips to Brooklyn prison guards: NYT
▼ + stars: | 2024-02-29 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried might be in jail, but the NYT reports that he's still got a finger on the pulse with crypto. Bankman-Fried has been reportedly sharing crypto investment tips with prison guards, per NYT. Bankman-Fried is reportedly giving crypto investment tips and touting investments in the cryptocurrency Solana to prison guards, The Times reported on Tuesday, citing an unnamed source familiar with the matter. Bankman-Fried, Mukasey said, should be given a shorter sentence of five to six-and-a-half years. "A sentence that returns Sam promptly to a productive role in society would be sufficient, but not greater than necessary, to comply with the purposes of sentencing," Mukasey wrote.

Persons: Sam Bankman, he's, Fried, —, Solana, Michael Lewis, Lewis, Joseph Bankman, Barbara Fried, Marc Mukasey, Mukasey, Sam Organizations: Service, New York Times, The Times, Bankman, Times, Brooklyn's Metropolitan Detention Locations: Brooklyn, Brooklyn's, Bankman

☆ A crypto influencer has posted what she says is the first photo of Sam Bankman-Fried hanging out with his fellow inmates
▼ + stars: | 2024-02-20 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

Tiffany Fong uploaded a photo of what appears to be a scruffy-looking Sam Bankman-Fried to X. The content creator said she got the photo from an inmate and ex-gang member called "G Lock." Disgraced FTX founder Sam Bankman-Fried looks a lot scruffier in prison, according to a photo obtained by crypto influencer Tiffany Fong. AdvertisementFirst photo of Sam Bankman-Fried in jail at MDC Brooklyn. (December 17, 2023) pic.twitter.com/QlENjjmeQG — Tiffany Fong (@TiffanyFong_) February 20, 2024Fong said she'd obscured the faces of the other inmates for privacy reasons.

Persons: Tiffany Fong, Sam Bankman, Fong, Fried, G, He's, I've, Lewis Kaplan, he'd Organizations: MDC Brooklyn, Bankman, Metropolitan Detention Center, of Prisons, Brooklyn's Metropolitan Detention, Business Insider Locations: Brooklyn, Manhattan, Brooklyn's

☆ A timeline of Sam Bankman-Fried trial: Key moments leading up to FTX founder's conviction
▼ + stars: | 2023-11-03 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +5 min

Indicted FTX founder Sam Bankman-Fried leaves the United States Courthouse in New York City, U.S., July 26, 2023. MAY 2019Bankman-Fried and former Google employee Gary Wang found FTX as a new platform to trade crypto tokens and derivatives. Bankman-Fried debuts on the Forbes billionaires list, which estimates his net worth at $22.5 billion. Alameda gives crypto lender Voyager Digital a $200 million credit facility, and FTX gives lender BlockFi a $250 million loan. In a post-arrest blog post, Bankman-Fried denies stealing funds and blames FTX's collapse on a broader downturn in crypto markets.

Persons: Sam Bankman, Fried, Amr Alfiky, Gary Wang, Larry David, CoinDesk, Binance, FTX, Changpeng Zhao, David, Tom Brady, Wang, Caroline Ellison, District Judge Lewis Kaplan, Nishad Singh, Kaplan revokes, Luc Cohen, Noeleen Walder, Daniel Wallis Organizations: United, REUTERS, Massachusetts Institute of Technology, Jane Street Capital, Alameda Research, Google, Forbes, Alameda, NFL, DEC, U.S, District, New York Times, Metropolitan Detention Center, Thomson Locations: New York City, U.S, Alameda, Bahamas, Manhattan, United States, Palo Alto , California, New York

Nov 3 (Reuters) - FTX founder Sam Bankman-Fried was convicted on Thursday of orchestrating a multibillion dollar fraud on the cryptocurrency exchange's customers. U.S. District Judge Lewis Kaplan set Bankman-Fried's sentencing for March 28, 2024. In denying Bankman-Fried's release from jail to prepare for trial, Kaplan said he could potentially face a "very long sentence." Circuit Court of Appeals to review his conviction, as well as rulings against him before and during the trial. His lawyer Mark Cohen said following Bankman-Fried's conviction that his client would continue to "vigorously fight the charges."

Persons: Sam Bankman, Fried, District Judge Lewis Kaplan, Kaplan, Amanda Perobelli, Will, Mark Cohen, Will Bankman, FTX, Jody Godoy, Luc Cohen, Noeleen Walder, Daniel Wallis Organizations: U.S, District, U.S . Former FTX, REUTERS, Circuit, Detention, Thomson Locations: Manhattan, New York City, U.S, Brooklyn's, FTX, New York

Indicted FTX founder Sam Bankman-Fried leaves the United States Courthouse in New York City, U.S., July 26, 2023. Elizabeth Holmes took the stand at her criminal trial, testifying over several days that she did not intend to defraud investors in her blood-testing startup, Theranos. For Bankman-Fried to be convicted of fraud, prosecutors must show beyond a reasonable doubt that he intended to defraud FTX customers or investors. Taking the stand carries the risk that he will be confronted with those media appearances as well as his use of social media. But Bankman-Fried has a lower-than-average fear of risk, according to trial testimony.

Persons: Sam Bankman, Fried, Amr Alfiky, Willkie Farr, Gallagher, Ilene Jaroslaw, Elizabeth Holmes, Holmes, Caroline Ellison, Ellison, Mike Schachter, Schachter, Tom Barrack, Donald Trump, Jean Boustani, District Judge Lewis Kaplan, Bankman, Jody Godoy, Tom Hals, Noeleen Walder, Jonathan Oatis Organizations: United, REUTERS, Prosecutors, Alameda Research, Massachusetts Institute of Technology, Detention, U.S, District, Thomson Locations: New York City, U.S, Alameda, Lebanese, Brooklyn's, New York

☆ Sam Bankman-Fried jury sees photo of FTX founder with Katy Perry, Orlando Bloom
▼ + stars: | 2023-10-16 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +4 min

REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsCompanies Champion Trust Llc FollowNEW York, Oct 16 - The jury at Sam Bankman-Fried's fraud trial on Monday saw a photograph of the FTX cryptocurrency exchange founder with singer Katy Perry and actor Orlando Bloom at the 2022 NFL Super Bowl. Singh is the third former member of Bankman-Fried's inner circle to testify at the trial, which started on Oct. 3. Bankman-Fried has pleaded not guilty to two counts of fraud and five counts of conspiracy tied to FTX's November 2022 collapse. Singh said another FTX executive had told him the deals were meant to help spur user growth. Since his trial, Bankman-Fried has been seen during testimony typing on a laptop and whispering to his lawyers.

Persons: Sam Bankman, Andrew Kelly, Katy Perry, Orlando Bloom, Prosecutors, Nishad Singh, FTX's, Singh, Gary Wang, Caroline Ellison, Alameda's, Fried, Perry, Michael Kives, Tom Brady, Gisele Bundchen, Steph Curry, Larry David, District Judge Lewis Kaplan, Kaplan, Luc Cohen, Nick Zieminski Organizations: FTX, Manhattan, REUTERS, Bowl, Alameda, Miami Heat's, District, Bankman, Prosecutors, New York Times, Brooklyn's Metropolitan Detention Center, Thomson Locations: New York City, U.S, Los Angeles, Brooklyn's, New York

In the memo, Bankman-Fried called Alameda's failure to hedge its bets a "mistake." When Everdell asked if the decision not to hedge was Ellison's, Wang replied that she was Alameda's CEO at the time. Prosecutors said last week they planned to call Ellison to take the stand once Wang finishes his testimony. She was seen entering the courthouse on Tuesday morning wearing a blue baseball cap and sunglasses, and carrying a blue thermos. A third former member of Bankman-Fried's inner circle, ex-FTX engineering chief Nishad Singh, is also expected to testify at trial.

Persons: Sam Bankman, Eduardo Munoz, Caroline Ellison, Christian Everdell's, Gary Wang, Everdell, Wang, Ellison, Prosecutors, Fried, District Judge Lewis Kaplan, Nishad Singh, FTX, Christian Everdell, Mark Cohen, Luc Cohen, Jody Godoy, Noeleen Walder, Matthew Lewis, Nick Zieminski Organizations: REUTERS, Alameda Research, New York Times, U.S, District, Brooklyn's Metropolitan Detention Center, Bankman, Alameda, Thomson Locations: New York, U.S, Manhattan, Brooklyn's, Alameda, Washington ,

☆ Sam Bankman-Fried's ex-girlfriend set to take stand as fraud trial's star witness
▼ + stars: | 2023-10-10 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +4 min

REUTERS/Eduardo Munoz//File Photo Acquire Licensing RightsCompanies Champion Trust Llc FollowNEW YORK, Oct 10 (Reuters) - Sam Bankman-Fried's fraud trial is set to resume on Tuesday with testimony from his former colleagues at the now-bankrupt FTX cryptocurrency exchange, including his onetime girlfriend Caroline Ellison. Prosecutors said last week they planned to call Ellison, the former co-chief executive officer of Bankman-Fried's Alameda Research hedge fund, to take the stand once Wang finishes his testimony. U.S. District Judge Lewis Kaplan said that likely amounted to witness-tampering, and on Aug. 11 revoked Bankman-Fried's bail. A third former member of Bankman-Fried's inner circle, ex-FTX engineering chief Nishad Singh, is also expected to testify at trial. Reporting by Luc Cohen and Jody Godoy in New York; Editing by Noeleen Walder and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Bankman, Eduardo Munoz, Caroline Ellison, Gary Wang, Prosecutors, Ellison, Wang, Ellison's, Fried, District Judge Lewis Kaplan, Nishad Singh, FTX, Christian Everdell, Mark Cohen, Luc Cohen, Jody Godoy, Noeleen Walder, Matthew Lewis Organizations: REUTERS, Alameda Research, New York Times, U.S, District, Brooklyn's Metropolitan Detention Center, Bankman, Alameda, Thomson Locations: New York, U.S, Alameda, Brooklyn's, Manhattan, Washington ,

REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsOct 3 (Reuters) - Sam Bankman-Fried's fraud trial, which is set to kick off on Tuesday, marks the culmination of a yearlong legal saga stemming from the dramatic collapse of the FTX cryptocurrency exchange he founded. Below is a timeline of key events leading up to the 31-year-old former billionaire's trial. MAY 2019Bankman-Fried and former Google employee Gary Wang found FTX as a new platform to trade crypto tokens and derivatives. Alameda gives crypto lender Voyager Digital a $200 million credit facility, and FTX gives lender BlockFi a $250 million loan. In a post-arrest blog post, Bankman-Fried denies stealing funds and blames FTX's collapse on a broader downturn in crypto markets.

Persons: Sam Bankman, Eduardo Munoz, Gary Wang, Larry David, Fried, CoinDesk, Binance, FTX, Changpeng Zhao, David, Tom Brady, Wang, Caroline Ellison, District Judge Lewis Kaplan, Nishad Singh, Kaplan revokes, Luc Cohen, Noeleen Walder, Daniel Wallis Organizations: REUTERS, Massachusetts Institute of Technology, Jane Street Capital, Alameda Research, Google, Forbes, Alameda, NFL, DEC, U.S, District, New York Times, Metropolitan Detention Center, Thomson Locations: New York, U.S, Alameda, Bahamas, Manhattan, United States, Palo Alto , California

☆ Sam Bankman-Fried case: The FTX criminal fraud trial begins today. Here's everything you need to know.
▼ + stars: | 2023-10-03 | by ( Jacob Shamsian | Katie Balevic | ) www.businessinsider.com time to read: +13 min

Sam Bankman-Fried's criminal fraud trial begins in federal court today. According to prosecutors, Bankman-Fried commingled funds between FTX, where he was CEO, and Alameda Research, a hedge fund he also controlled. In the months since, prosecutors have brought several superseding indictments, slapping on more criminal charges. AP Photo/Mary AltafferIn addition to the criminal case against Bankman-Fried, the fallout of FTX's collapse has created a fountain of complicated lawsuits and legal maneuvers. The Securities and Exchange Commission has a civil case against Bankman-Fried alleging he "orchestrated a massive, years-long fraud."

Persons: Sam Bankman, SBF, —, FTX, Fried, Tom Brady, Gisele Bündchen, Stephen Curry, Naomi Osaka, Larry David, Kevin O'Leary, Caroline Ellison, He's, Michael Lewis, guarantors, Lewis Kaplan, Jane Rosenberg, Kaplan, Bankman, Ellison, messaged, Eduardo Munoz, Mark S, Cohen, Christian Everdell, Ghislaine Maxwell, Maxwell, They're, Danielle Sassoon, Nicholas Roos, who's, Joe Lewis, Jean Carroll, Donald Trump, Trump, Bill Clinton, Gambino, Prince Andrew, Mary Altaffer, SBF's, Joseph Bankman, Barbara Fried, Gary Wang —, Nishad Singh, Ryan Salame, Cohen wearily, there's Organizations: Prosecutors, Service, Alameda Research, Miami Heat's, The New York Times, Metropolitan Detention, US, Office, Southern, Bankman, Manhattan Federal Court, REUTERS, Washington , D.C, Supreme, AP, Securities, Exchange Commission, Stanford University Locations: FTX, Manhattan, America, Palo Alto , California, New York, Bahamas, Washington ,, Joaquín, Bankman, Guantanamo, Alameda

☆ Sam Bankman-Fried case: The FTX criminal fraud trial begins this week. Here's everything you need to know.
▼ + stars: | 2023-10-02 | by ( Jacob Shamsian | Katie Balevic | ) www.businessinsider.com time to read: +13 min

Sam Bankman-Fried's criminal fraud trial begins in federal court on Tuesday. According to prosecutors, Bankman-Fried commingled funds between FTX, where he was CEO, and Alameda Research, a hedge fund he also controlled. In the months since, prosecutors have brought several superseding indictments, slapping on more criminal charges. AP Photo/Mary AltafferIn addition to the criminal case against Bankman-Fried, the fallout of FTX's collapse has created a fountain of complicated lawsuits and legal maneuvers. The Securities and Exchange Commission has a civil case against Bankman-Fried alleging he "orchestrated a massive, years-long fraud."

Circuit Court of Appeals in Manhattan. In her writings, she described feeling "unhappy and overwhelmed" with her job and "hurt/rejected" from a breakup with Bankman-Fried. A lawyer for Bankman-Fried told the appeals court on Sept. 19 that Kaplan failed to credit the defendant for exercising his First Amendment constitutional right to speak with the press and try to restore his reputation. The appeals court appeared skeptical. Bankman-Fried faces seven charges of fraud and conspiracy stemming from the collapse of FTX, the now-bankrupt crypto exchange he founded.

Persons: Sam Bankman, Eduardo Munoz, District Judge Lewis Kaplan, Caroline Ellison, Ellison, Fried, Kaplan, Danielle Sassoon, William Nardini, Luc Cohen Organizations: REUTERS, U.S, Circuit, District, Alameda Research, New York Times, Bankman, Metropolitan Detention, Prosecutors, Alameda, Thomson Locations: New York, U.S, Manhattan . U.S, Alameda, Palo Alto , California, FTX

Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, arrives at court as lawyers push to persuade the judge overseeing his fraud case not to jail him ahead of trial, at a courthouse in New York, U.S., August 11, 2023. Bankman-Fried, 31, has pleaded not guilty to fraud and conspiracy charges stemming from the November 2022 collapse of his now-bankrupt cryptocurrency exchange. Bankman-Fried's lawyers asked that he be returned to his parents' custody, so he can prepare adequately for trial. Bankman-Fried's lawyers said their client wasn't being given time to sort through the deluge, depriving him of his constitutional right to a fair trial. Danielle Kudla, a prosecutor, said her office had delivered a hard drive with evidence for Bankman-Fried to the MDC earlier on Wednesday.

Persons: Sam Bankman, Eduardo Munoz, FTX, District Judge Lewis Kaplan, Kaplan, Palo, Mark Cohen, Danielle Kudla, Luc Cohen, Jonathan Stempel, Jonathan Oatis Organizations: REUTERS, U.S, District, Brooklyn's Metropolitan Detention Center, Google, Attorney's, MDC, Thomson Locations: New York, U.S, Manhattan, Brooklyn's, Palo Alto , California, Bahamas, Bankman

☆ Ex-CIA employee's conviction in big secrets leak is largely upheld
▼ + stars: | 2023-08-29 | by ( Jonathan Stempel | ) www.reuters.com time to read: +3 min

Following the conviction, U.S. Attorney Damian Williams in Manhattan called the theft "one of the most brazen and damaging acts of espionage in American history." In a 14-page decision, U.S. District Judge Jesse Furman in Manhattan found "more than sufficient" evidence to support Schulte's espionage and hacking convictions. Prosecutors have said Schulte was motivated to leak materials out of spite over how he thought the CIA treated him prior to his November 2016 resignation. Prosecutors said they found the material in Schulte's Manhattan apartment, in an encrypted container beneath three layers of password protection, during the CIA leaks probe. The case is U.S. v. Schulte, U.S. District Court, Southern District of New York, No.

Persons: George W, Bush, Joshua Schulte, Damian Williams, Jesse Furman, Schulte's, Aguilar, Furman, Schulte, Prosecutors, Williams, Jonathan Stempel, Cynthia Osterman Organizations: U.S . Central Intelligence Agency, CIA, Central Intelligence Agency, FBI, WikiLeaks, Prosecutors, Brooklyn's Metropolitan Detention, Court, Southern District of, Thomson Locations: Langley , Virginia, U.S, Manhattan, Brooklyn's, Southern District, Southern District of New York, New York

☆ FTX's Bankman-Fried appeals judge's decision to jail him pending trial
▼ + stars: | 2023-08-28 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +3 min

"It is unclear how a cooperating witness who has promised to testify against a defendant could be meaningfully threatened by nothing but their own statements being published by a reputable newspaper," Bankman-Fried's lawyers wrote. His lawyers also said the jail was not allowing Bankman-Fried enough computer time to review evidence and prepare his defense. In her writings, Ellison described feeling "unhappy and overwhelmed" with her job and "hurt/rejected" from her break-up with Bankman-Fried. Prosecutors said Bankman-Fried shared Ellison's writings to harass her, and to dissuade others from testifying if they thought he would make them look bad in the press. Reporting by Luc Cohen in New York; Editing by Daniel Wallis and Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Bankman, Eduardo Munoz, Fried, District Judge Lewis Kaplan, Caroline Ellison, Ellison, Adderall, Luc Cohen, Daniel Wallis, Nick Zieminski Organizations: REUTERS, U.S, District, New York Times, FTX's, U.S ., Appeals, Prosecutors, Alameda Research, Brooklyn's Metropolitan Detention Center, Thomson Locations: New York, U.S, Brooklyn's

In a hearing in New York on Tuesday, lawyers for FTX founder Sam Bankman-Fried expressed concerns over their client's living conditions at Brooklyn's Metropolitan Detention Center, where he's being housed for alleged witness tampering. U.S. District Judge Lewis Kaplan, who is presiding over the criminal trial, had told a jail to provide these prescribed medications to Bankman-Fried. Judge Netburn said the defense would have to make trial prep requests through Judge Kaplan. Judge Netburn said she would address concerns over Bankman-Fried's living conditions directly with the U.S. Justice Department's Bureau of Prisons, which runs the jail. WATCH: Sam Bankman-Fried sent to jail over witness tampering

Persons: FTX, Sam Bankman, Mark Cohen, Christian, Judge, Sarah Netburn, Fried, Cohen, District Judge Lewis Kaplan, George Lerner, Lerner, Christian Everdell, Netburn, Judge Netburn, Judge Kaplan, Bankman, Caroline Ellison, Ellison Organizations: U.S, Brooklyn's Metropolitan Detention, District, MDC, U.S . Justice Department's, of Prisons, The New York Times, Alameda Research Locations: Manhattan, New York City, New York, Brooklyn's, U.S, Bankman

Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, arrives at court as lawyers push to persuade the judge overseeing his fraud case not to jail him ahead of trial, at a courthouse in New York, U.S., August 11, 2023. Bankman-Fried was jailed after sharing the personal writings of his former romantic partner and colleague, Caroline Ellison, with a New York Times reporter. Bankman-Fried has acknowledged risk management failures at FTX but denied stealing funds. Lawyers for Bankman-Fried disclosed that he also may assert an advice-of-counsel defense at trial, prosecutors said in court papers on Friday. Reporting by Luc Cohen in New York Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Bankman, Eduardo Munoz, District Judge Lewis Kaplan, Kaplan, Fried, Caroline Ellison, Ellison, Fenwick, Luc Cohen, Matthew Lewis Organizations: REUTERS, U.S, District, Brooklyn's Metropolitan Detention, New York Times, Alameda Research, Prosecutors, Bankman, West, Fenwick, Thomson Locations: New York, U.S, Manhattan, Brooklyn's, Alameda, Silicon Valley

☆ Sam Bankman-Fried is in jail and will only get to enjoy his favorite peanut butter and jelly sandwiches 4 times a month, at $3.65 each
▼ + stars: | 2023-08-15 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

The facility limits him to two peanut butter jelly sandwiches every two weeks. Embattled ex-FTX CEO Sam Bankman-Fried is going to miss having his peanut butter and jelly sandwiches in prison. For starters, he will be only limited to two peanut butter jelly sandwiches every two weeks while in prison. According to the commissary list, Bankman-Fried can only purchase two peanut butter and jelly sandwiches at $3.65 each per visit. That could be tough for Bankman-Fried, a vegan who said he subsisted on peanut butter when he was incarcerated in the Bahamas last year.

Persons: Sam Bankman, Fried, Lewis Kaplan, Cameron Lindsay, it's Organizations: Metropolitan Detention, Morning, US, New York Times, of Prisons, Bankman Locations: Brooklyn, Bahamas, Alameda

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