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SBF says “dishonesty and unfair dealing” aren’t fraud, seeks to dismiss charges

May 10, 2023
Source: arstechnica.com arstechnica.com
News Snapshot:
Late Monday, legally embroiled FTX founder Sam Bankman-Fried moved to dismiss the majority of criminal charges lobbed against him by the United States government after his cryptocurrency exchange went bankrupt in 2022. In documents filed in a Manhattan federal court, the law firm Sullivan & Cromwell shared Bankman-Fried's first official legal defense. Lawyers accused the US of a "troubling" and "classic rush to judgment," claiming that the government didn't even wait to receive "millions of documents" and "other evidence" against Bankman-Fried before "improperly seeking" to turn "civil and regulatory issues into federal crimes." After FTX's collapse last year, federal prosecutors...
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Tags: advertising | bank | bankrupt | bitcoin | blockchain | bribery | China | communications | court | crime | criminal | crypto | cryptocurrency | currency | customer | Extradition | fintech | Founder | fraud | government | Honor | illegal | IT | New York | United States

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