DIRS.INFO The most relevant business & tech news

☆ Sam Bankman-Fried trial: scenes from Caroline Ellison's time on the stand
▼ + stars: | 2023-10-12 | 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

Ellison wore a gray blazer and carried a Poland Spring water bottle to and from the witness stand. She did not look at Bankman-Fried in any of the instances when she passed him at the defense table. Bankman-Fried spent much of Ellison's testimony typing on a laptop or whispering to his defense lawyers. Three of the jurors appeared to close their eyes at times as Sassoon quizzed Ellison about spreadsheets showing Alameda's assets and liabilities. Reporting by Luc Cohen in New York; Editing by Noeleen Walder and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Caroline Ellison, Sam Bankman, Ellison, District Judge Lewis Kaplan's, Fried, Kaplan, Joseph Bankman, Barbara Fried, Danielle Sassoon, Sassoon quizzed Ellison, We'll, " Sassoon, Luc Cohen, Noeleen Walder, Matthew Lewis Organizations: Alameda, Federal Court, Reuters, Alameda Research, District, The Stanford University, Stanford Law, Thomson Locations: New York City, U.S, Alameda, New York

NEW YORK, Oct 5 (Reuters) - Sam Bankman-Fried's college roommate and ex-colleague, Gary Wang, testified on Thursday at the FTX cryptocurrency exchange founder's fraud trial that Bankman-Fried told him to give a hedge fund they co-owned special trading privileges on FTX. The special privileges granted to the hedge fund, Alameda Research, included a $65 billion line of credit, several orders of magnitude bigger than the amount other users were able to borrow, he said. He added that Bankman-Fried had directed him to implement the changes giving Alameda special privileges. Wang, 30, is the first of three former close associates of Bankman-Fried to testify at the trial, which began on Tuesday. Wang said Bankman-Fried decided to name the firm Alameda Research because it "makes it easier to do business if the name doesn't mention trading or cryptocurrency."

Persons: Sam Bankman, Gary Wang, Fried, Wang, FTX, FTX's, Mark Cohen, Matt Huang, Huang, Bankman, Nishad Singh, Caroline Ellison, Alameda's, Adam Yedidia, Yedidia, Sam, Joseph Bankman, Barbara Fried, Luc Cohen, Jody Godoy, Amy Stevens, Matthew Lewis Organizations: Alameda Research, Alameda, Massachusetts Institute of Technology, Prosecutors, MIT, Stanford Law, Thomson Locations: Alameda, tatters, Manhattan, FTX, China, United States, Bahamas, Yedidia, New York

[1/2] Indicted FTX founder Sam Bankman-Fried arrives at the United States Courthouse in New York City, U.S., July 26, 2023. REUTERS/Amr Alfiky/File Photo Acquire Licensing RightsCompanies Champion Trust Llc FollowNEW YORK, Oct 4 (Reuters) - The jury for Sam Bankman-Fried's trial on charges of stealing billions of dollars from customers of his now-bankrupt FTX cryptocurrency exchange was selected on Wednesday, paving the way for opening statements to start soon. Prosecutors and the defense are expected to lay out their cases shortly in opening statements. They are expected to call three former members of Bankman-Fried's inner circle - former Alameda chief executive Caroline Ellison and former FTX executives Nishad Singh and Gary Wang - to testify against him. Reporting by Luc Cohen in New York Editing by Amy Stevens, Matthew Lewis and Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Bankman, Fried, Amr Alfiky, FTX, District Judge Lewis Kaplan, Joseph Bankman, Barbara Fried, Gabriel Bankman, Donald Trump, Anthony Scaramucci, Caroline Ellison, Nishad Singh, Gary Wang, Kaplan, Ellison, Luc Cohen, Amy Stevens, Matthew Lewis, Nick Zieminski Organizations: FTX, United, REUTERS, District, Wednesday, Stanford Business School, North Railroad, Prosecutors, Stanford Law, U.S, Alameda Research, Alameda, Metropolitan Detention, Thomson Locations: New York City, U.S, York, Manhattan, Brooklyn, New York

☆ Who is Sam Bankman-Fried, the onetime crypto mogul set to testify in his own defense?
▼ + stars: | 2023-09-27 | 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: +6 min

NEW YORK, Oct 26 (Reuters) - A few years after graduating from college, Sam Bankman-Fried grew worried he was not taking enough risks. Two years after launching a hedge fund, Alameda Research, Bankman-Fried founded FTX, an exchange that let users buy and sell digital assets such as bitcoin. Based in the Bahamas, Bankman-Fried became known for his mop of unkempt curly hair and for wearing rumpled shorts, even when entertaining dignitaries like Bill Clinton. They contend the theft came to a head in 2022, when crypto prices swooned and he used FTX funds to plug losses at Alameda. Defense lawyers have argued that their cooperation agreements with prosecutors encourage them to implicate Bankman-Fried in the hopes of receiving lenient sentences.

Persons: Sam Bankman, Fried, Bill Clinton, Tom Brady, Larry David, FTX, Caroline Ellison, Alameda's, Forbes, Bankman, Jane Street, Gary Wang, Ellison, Nishad Singh, Wang, Singh, District Judge Lewis Kaplan, FTX's, influencer, Luc Cohen, Noeleen Walder, Daniel Wallis Organizations: Stanford Law School, Alameda Research, Forbes, Democratic, NFL, Alameda, Massachusetts Institute of Technology, Bankman, Prison, MIT, Jane, U.S, District, New York Times, Times, Thomson Locations: Bahamas, Manhattan, Alameda, United States, Asia, New York

☆ FTX Sues Sam Bankman-Fried’s Parents to Recover ‘Misappropriated Funds’
▼ + stars: | 2023-09-19 | by ( ) www.wsj.com time to read: 1 min

FTX has sued founder Sam Bankman-Fried’s parents to recover millions of dollars in “fraudulently transferred and misappropriated funds,” the company said in a court filing late Monday. Joseph Bankman and Barbara Fried, both Stanford Law School professors, “exploited their access and influence within the FTX enterprise to enrich themselves,” the company, operated in bankruptcy by new management, alleged.

Persons: FTX, Sam Bankman, Joseph Bankman, Barbara Fried, “ Organizations: Stanford Law School

[1/4] Joseph Bankman, father of Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, leaves the courthouse, after U.S judge revoked Bankman-Fried's bail, in New York, U.S., August 11, 2023. FTX, now being led by turnaround specialist John Ray, said that company founder Sam Bankman-Fried ran FTX as a "family business" and misappropriated billions in customer funds for the benefit of a small circle of insiders, including his parents. Sam Bankman-Fried has pleaded not guilty to charges that he defrauded FTX customers by using their funds to prop up his own risky investments. Bankman and Fried also pushed FTX to make tens of millions of dollars in charitable contributions, including to Stanford University, FTX said. FTX has recovered more than $7 billion in assets to repay customers, and it is pursuing additional recoveries through lawsuits against FTX insiders and other defendants that received money from FTX before it went bankrupt.

Persons: Joseph Bankman, Sam Bankman, Eduardo Munoz, Stanford, Barbara Fried, John Ray, Fried, Sean Hecker, Michael Tremonte, Joe, Barbara, " Hecker, Tremonte, Bankman, FTX, Dietrich Knauth, Nick Zieminski Organizations: REUTERS, Monday, Stanford University, Stanford Law School, Thomson Locations: New York, U.S, Bahamas, FTX

☆ FTX sues Sam Bankman-Fried's parents, aims to claw back some of the $26 million in gifts and property
▼ + stars: | 2023-09-19 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +5 min

Barbara Fried, mother of Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, leaves the courthouse, after a U.S judge revoked Bankman-Fried's bail, New York, Aug. 11, 2023. Bankrupt crypto exchange FTX is looking to claw back luxury property and "millions of dollars in fraudulently transferred and misappropriated funds" from the parents of Sam Bankman-Fried, the exchange's disgraced ex-CEO and founder. The filing characterizes the correspondence as Bankman lobbying his son to "massively increase his own salary." Bankman-Fried himself independently faces multiple wire and securities fraud charges related to the alleged multibillion-dollar FTX fraud. Bankman and Fried "either knew — or ignored bright red flags revealing — that their son, Bankman-Fried, and other FTX Insiders were orchestrating a vast fraudulent scheme," the lawsuit said.

Persons: Barbara Fried, Sam Bankman, Allan Joseph Bankman, Fried, Sam's, Bankman, Gee, Sam, Barbara, Damian Williams, Joe, Ray Organizations: Bankruptcy, District of, FTX, Administration, Stanford University, Group, Stanford Law School, The U.S . Department of Justice, Bankman, CNBC Locations: New York, U.S, District of Delaware, Bahamas, Alameda, The, Manhattan, Bankman

☆ Hunter Biden expected to receive indictment related to gun charges his attorneys hoped to resolve in now scorched-earth plea deal
▼ + stars: | 2023-09-07 | by ( Associated Press | Lloyd Lee | ) www.businessinsider.com time to read: +6 min

Federal prosecutors expect to hand Hunter Biden a new indictment before September 29. The indictment will be related to gun charges Biden's attorneys hoped to resolve in July. He has also been under investigation by federal prosecutors for his business dealings. Defense attorney Abbe Lowell said Hunter Biden has kept to the terms of the deal, including regular visits by the probation office. The White House Counsel's office referred questions to Hunter Biden's personal attorneys.

Persons: Hunter Biden, Biden, Joe Biden's, Hunter, Delaware David Weiss, Hunter Biden's, Abbe Lowell, Maryellen Noreika, Kevin McCarthy, Department's, Noreika, Donald Trump, should've, Robert Weisberg, General Merrick Garland, Weiss, Farnoush Amiri Organizations: Service, —, U.S, Attorney, Prosecutors, District, Justice, Republicans, Fox News, Treasury Department, Hunter, Stanford Law School, Supreme, News Locations: Wall, Silicon, WASHINGTON, Delaware, Louisiana

☆ Google Turns to a Steady Old Hand to Fight Antitrust Charges
▼ + stars: | 2023-09-06 | by ( Nico Grant | More About Nico Grant | ) www.nytimes.com time to read: +1 min

If Google loses and a judge then approves remedies, it could eventually be forced to restructure in some way, and it could be hit with enormous fines and a prohibition on search distribution deals. That would translate to fewer users, deflated profits and perhaps even limits on how Google is able to innovate with new technologies like artificial intelligence. The company is counting on Mr. Walker, 62, once again. That Mr. Walker is defending an industry giant against the monopoly claims of regulators is an odd turnabout in his long career. He grew up in Palo Alto, Calif., in the heart of Silicon Valley, and graduated from Harvard and Stanford Law School.

Persons: Amit P, Mehta, Walker, Mr, Kevin Mitnick Organizations: Justice, Microsoft, Google, U.S, District of Columbia, Oracle, Supreme, Harvard, Stanford Law School, Justice Department Locations: Palo Alto, Calif, Silicon Valley

While the idea of using the 14th Amendment to keep Trump out of the White House has been bandied about by lawyers and political figures, the Colorado action is the first lawsuit demanding that a state disqualify Trump from the ballot, CREW said. The group chose Colorado because the laws there make it easier to get it before a court, he says. Some members of Congress, most recently Democratic Sen. Tim Kaine of Virginia and Democratic Rep. Adam Schiff of California, have suggested the 14th Amendment might apply to Trump. Critics of the movement to disqualify Trump say the 14th Amendment clause was written to apply to former Confederates and should not be used against contemporary would-be candidates. Still, those who want to use the 14th Amendment to disqualify Trump face significant legal hurdles, experts say, adding that the matter is likely to end up in the Supreme Court if the movement gains steam.

Persons: Donald Trump hasn't, Trump, Noah Bookbinder, Democratic Sen, Tim Kaine, Adam Schiff of, Joe Biden, Asa Hutchinson, I’m, he’s, CNN's, Bryant, Corky, Messner, Bookbinder, Steven Calibrisi, Antonin Scalia, Calibrisi, Marjorie Taylor Greene, Madison Cawthorn, North Carolina –, Michael McConnell, George W, Bush, hasn't, McConnell, Kamala Harris Organizations: Trump, Democratic, Republican, D.C, Responsibility, White, Justice Department, University of Pennsylvania, Federalist Society, Adam Schiff of California, Arkansas Gov, Union, New, Army, Radical Left Communists, Fascists, MOST, Fair, Capitol, Northwestern University, Federalist, –, Rep, Stanford Law Locations: Colorado, Washington, Virginia, United States, State, New Hampshire, Marjorie Taylor Greene of Georgia, North Carolina, New Mexico

☆ Big Business Gets Bigger
▼ + stars: | 2023-07-21 | by ( German Lopez | More About German Lopez | ) www.nytimes.com time to read: +1 min

Courts push backThe Biden administration released guidelines this week that seek to toughen antitrust law, which restricts anticompetitive practices. Under Khan, the F.T.C. has also pushed courts to effectively lower the burden of proof required to show that a merger is anticompetitive. “But it often seems that courts will not let plaintiffs win an antitrust case based on circumstantial evidence.”The F.T.C. The last major shift in antitrust law, in the 1970s, came after decades of work by conservatives to push the law and courts in their direction.

Persons: Biden, Khan, ”, Douglas Melamed, ’ Organizations: Stanford Law School, Microsoft, Activision Locations: Europe

☆ US officials worry about ‘chilling effect’ on combating election disinformation after order limiting Biden administration contact with social platforms
▼ + stars: | 2023-07-14 | by ( Brian Fung Sean Lyngaas | Brian Fung | Sean Lyngaas | ) edition.cnn.com time to read: +13 min

The resulting uncertainty, they say, risks slowing the government and social media companies’ ability to respond to election-related disinformation that appears on tech platforms. Last week, the State Department canceled a routine meeting on election security with Facebook, according to a person familiar with the matter. On Wednesday, FBI Director Christopher Wray defended the close contacts between the US government and the social media companies. The injunction does contain some exceptions allowing more limited contact between affected agencies and social media companies. “Well, the government doesn’t necessarily have those capabilities to do that back-end work that the social media companies do.

Persons: Biden, ”, Chris Krebs, Krebs, Katie Harbath, Donald Trump, Christopher Wray, ” Wray, Trump, Harbath, Yoel Roth, Twitter’s, Gowri Ramachandran, “, ” Ramachandran, they’re, Ramachandran, Russia’s, ” Harbath, you’re, ’, Evelyn Douek, Jocelyn Benson, ” Benson, Adam Mosseri, Meta, ’ ”, Nick Clegg, Donie O’Sullivan Organizations: Washington CNN, Infrastructure Security Agency, CNN, State Department, Facebook, Justice Department, FBI, of Homeland Security, Health, Human Services, Twitter, “, Senate Intelligence, Department of Homeland Security, National Intelligence, Big Tech, Brennan Center for Justice, New York University, Stanford Law School, Meta, YouTube, Meta Global Locations: Louisiana, Missouri, State, Michigan

Threads is integrated into Instagram, giving it potential access to roughly two billion monthly active users. Threads isn’t available in the European Union, where privacy watchdogs have long been concerned with how Meta handles users’ information. Being big doesn’t run afoul of antitrust law. Leveraging them to enhance the quality of Threads would not in and of itself violate antitrust laws, Mr. Melamed said. “The Threads example shows that big tech companies can also be valuable entrants, bringing new competitive pressure,” Mr. Francis said.

Persons: Nancy Rose, DealBook, ” Ms, Rose, ”, Doug Melamed, Melamed, “, Daniel Francis, Mr, Francis, — Ephrat Livni Organizations: Federal Trade Commission, European Union, Massachusetts Institute of Technology, Twitter, Stanford Law School, Justice Department, New York University, Competition Locations: ’

☆ Chicago business executive and philanthropist Jim Crown killed in Colorado racetrack crash
▼ + stars: | 2023-06-27 | by ( ) www.cnbc.com time to read: +4 min

Crown, a grandson of industrialist Henry Crown and the chief executive of Henry Crown & Co., was involved in a single-vehicle accident at the Aspen Motorsports Park in Woody Creek, the Pitkin County coroner's office said in a news release. Crown's father, financier Lester Crown, said his son "was driving a race car, and it hit a wall going around a curve," the Chicago Sun-Times reported. "There never was a finer human being in every way," Lester Crown said. Crown's family business, Henry Crown & Co., invests in public and private securities, real estate, and operating companies. "The Crown family is deeply saddened by the sudden passing of Jim Crown in an accident earlier (Sunday)," his family said.

Persons: James, Jim Crown, Henry Crown, Lester Crown, Jim, Barack Obama, Michelle Obama, Brandon Johnson, Obama, Salomon, Lester, Renée Organizations: James Crown, University of Chicago, Chicago . Crown, Co, Aspen Motorsports, Chicago Sun, Times, Commercial Club of Chicago, Sun -, Chicago, Aspen Skiing Co, General Dynamics, JPMorgan Chase, The Aspen Institute, Museum of Science, Industry, President's Intelligence, Hampshire College, Stanford Law School, Salomon Brothers Inc, Capital Markets Service Locations: Chicago ., Chicago, Colorado, Woody Creek, Pitkin County, It's, Amherst , Massachusetts, New York

Summary A relatively small number of law schools dominate federal clerkships(Reuters) - A quarter of Stanford Law School’s 2022 graduates landed federal clerkships—the highest percentage among all U.S. law schools, according to new data from the American Bar Association. The University of Notre Dame Law School and the University of Virginia School of Law round out the top five with 15% and nearly 13% of 2022 graduates in federal clerkships. The latest ABA data shows that just 3% of the 36,078 law graduates in 2022 are clerking for federal judges. Some federal judges hire law students for clerkships that won't begin for a year or two, allowing them to gain experience first. Read more:These law schools aced the job market in 2022Large U.S. law firms love hiring from these schoolsOur Standards: The Thomson Reuters Trust Principles.

☆ Lawyer Up: Class-Action Suits Are Thriving in New York
▼ + stars: | 2023-04-27 | by ( Britta Lokting | ) www.nytimes.com time to read: +2 min

“It’s a way of characterizing a litigation,” she said, adding that big companies are not the innocents they sometimes claim to be in court. If suits are being settled, she explained, then that suggests the defendants think they have merit: “Otherwise, why would they be so quick to settle?”But consumer class-action work has its detractors. “These lawsuits are entirely lawyer-driven,” said Tom Stebbins, the executive director of the Lawsuit Reform Alliance of New York. (In 2018, a civil rights class-action suit against The New York Times was settled over a “lack of closed captioning” in a news video, according to the complaint. The plaintiff was represented by Lee Litigation Group.)

☆ Inside a shake-up at the world's 'most feared law firm'
▼ + stars: | 2023-03-30 | by ( Casey Sullivan | ) www.businessinsider.com time to read: +30 min

It's been a tumultuous period for Quinn and the storied law firm he built over the past 37 years — now the world's largest litigation firm with hourly rates that can be north of $2,000. But behind the scenes, a shift at QE has been the talk of elite law firm circles. Indeed, the firm – known as a singular, even freewheeling, institution that brands itself as the "#1 Most Feared Law Firm in the World" — may appear to be less in the image of its founder as a generational shift brings changes. "We all thought it was important that the world understands this is not a one generation law firm." One former firm partner in California says he believes Quinn's inner circle generally got better deals.

☆ Columbia Law Students Are Upset
▼ + stars: | 2023-03-29 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

The nation’s top law schools are the latest battleground for politics and free speech on campus. Barely two weeks after Stanford Law School students shouted down Fifth Circuit Court of Appeals Judge Kyle Duncan , Columbia Law School students want to erase news that some students met with Supreme Court Justice Brett Kavanaugh . On Feb. 23, members of the Columbia Federalist Society went to Washington and met with Justice Kavanaugh at the High Court. On March 14, Columbia Law School posted a photograph of the meeting on its Instagram account with a brief note that the law students had a chance to “engage in conversation” and hear about “the Court’s deliberation process and how to be an effective advocate.”

☆ Sam Bankman-Fried is reportedly paying his lawyers with a 'multi-million dollar gift' to his dad through Alameda
▼ + stars: | 2023-03-29 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried's "multi-million dollar gift" to his father is covering legal costs, per Forbes. Bankman-Fried had started Alameda in 2017 and was its CEO until October 2021, according to court filings by federal prosecutors in New York. Bankman-Fried also apparently rejected personal finance advice from his father, who had reportedly "begged his son to put away savings," according to Forbes. In an updated indictment unsealed on Tuesday, they also accused Bankman-Fried of trying to bribe Chinese officials with more than $40 million in payments to "influence" them. A hearing over the updated indictment has been scheduled for March 30 in New York federal court before US District Judge Lewis Kaplan.

☆ Employers Need to Put the Squeeze on Woke Intolerance
▼ + stars: | 2023-03-28 | by ( Gerard Baker | ) www.wsj.com time to read: 1 min

Stanford Law School’s career services website boasts the kind of professional opportunities the school’s graduates can expect when they venture beyond the safe spaces of the palm-speckled campus. Ninety-seven of the nation’s top 100 law firms employ Stanford graduates as partners; 92 have Stanford alums as attorneys. For 48 consecutive years Stanford graduates have clerked on the Supreme Court. Microsoft , Google, Cisco and many other top firms have employed a graduate as general counsel.

☆ Diversity and Free Speech Can Coexist at Stanford
▼ + stars: | 2023-03-24 | by ( Tirien Steinbach | ) www.wsj.com time to read: +1 min

Stanford Law School’s chapter of the Federalist Society earlier this month invited Fifth Circuit Court of Appeals Judge Kyle Duncan to speak on campus. Judge Duncan answered in turn. Students involved in the protest had previously requested that the event be canceled or moved to Zoom. In my role as Stanford Law School’s associate dean for diversity, equity and inclusion, I supported the administration’s decision not to cancel the event or move it to video, as it would censor or limit the free speech of Judge Duncan and the students who invited him. Instead, the administration and I welcomed Judge Duncan to speak while supporting the right of students to protest within the bounds of university policy.

☆ My Struggle Session at Stanford Law School
▼ + stars: | 2023-03-18 | by ( Stuart Kyle Duncan | ) www.wsj.com time to read: +1 min

Stanford Law School’s website touts its “collegial culture” in which “collaboration and the open exchange of ideas are essential to life and learning.” Then there’s the culture I experienced when I visited Stanford last week. I’ve spoken at law schools across the country, and I was glad to accept this invitation. One of my first clerks graduated from Stanford. I gave a talk there a few years ago and found it a warm and engaging place, but not this time. As I entered the classroom, one protester screamed: “We hope your daughters get raped!”

☆ The Tyranny of the DEI Bureaucracy
▼ + stars: | 2023-03-18 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Critical race theory is becoming institutionalized across American universities, and a major reason is the educational bureaucracy. Most universities now have offices for diversity, equity and inclusion, or DEI, that exercise a broad writ on campus and act as speech police within the university. That power was on ugly display last week at Stanford Law School, where a mob of law students shouted down Fifth Circuit Court of Appeals Judge Kyle Duncan in a spectacle unfit for any institution of higher learning. (Judge Duncan relates his experience nearby.)

☆ Google stacks its legal team with former DOJ employees as it faces antitrust cases
▼ + stars: | 2023-03-17 | by ( Lauren Feiner | ) www.cnbc.com time to read: +13 min

Former DOJ employees make up both its in-house team and members of outside counsel firms it employs. Google also uses four different outside counsel firms loaded with nearly 20 former DOJ officials, many of whom worked in the Antitrust Division at various times. The DOJ made the accusation in a legal filing after Epic Games raised the concern in its own antitrust litigation against Google. Those firms collectively have around 20 former DOJ employees on their staff, many of them working in antitrust. For example, DOJ antitrust chief Jonathan Kanter previously worked for clients including Microsoft and Yelp which have complained of Google's allegedly anticompetitive behavior.

NEW YORK, March 4 (Reuters) - Sam Bankman-Fried should be allowed while on bail to have a flip phone with no internet capability and a basic laptop with limited functions, but be forbidden from using other electronic communication devices, the U.S. Department of Justice said. The judge said he did not want to set Bankman-Fried "loose in this garden of electronic devices," following accusations that Bankman-Fried tried to contact possible government witnesses and used a virtual private network to watch football. The proposed flip phone or other non-smartphone for Bankman-Fried would be limited to voice calls and SMS text messages. Laptop internet use would be restricted to specified virtual private networks, 23 websites for personal use including news, sports and food delivery, and websites to help Bankman-Fried prepare for his scheduled Oct. 2 trial. The parents agreed to submit sworn affidavits that they would not bring other electronic devices into their home or let their son use theirs.

Search resuls for: "Stanford Law School"

25 mentions found