Mon. Jul 8th, 2024

Feds Rail Against Sam Bankman-Fried in Brutal New Allegations<!-- wp:html --><p>Michael M Santiago/Getty Images</p> <p>A flurry of allegations rained down on FTX founder <a href="https://www.thedailybeast.com/judge-dunks-on-ftx-founder-sam-bankman-frieds-bid-to-toss-most-criminal-charges">Sam Bankman-Fried</a> on Thursday, ranging from new claims about financial impropriety to an accusation that he leaked his ex’s diary entries to <em>The New York Times</em>.</p> <p>First, in a <a href="https://www.nbcnews.com/business/business-news/ftx-lawyers-accuse-sam-bankman-fried-financing-criminal-defense-10-mil-rcna95490">lawsuit</a> filed in Delaware court on Thursday, FTX claimed that Bankman-Fried is funding his legal bills with misappropriated cash: Last year, he allegedly sent his dad $10 million, the company said—money that is now being used to pay his lawyers. The allegations echo earlier reporting by <a href="https://www.forbes.com/sites/sarahemerson/2023/03/29/sam-bankman-fried-legal-fees-funded-by-alameda-money-gifted-to-father-joe-bankman/?sh=1cb6ffc03f57"><em>Forbes</em></a>.</p> <p>Separately, prosecutors in the Southern District of New York sent a letter to the judge presiding over his case on Thursday, accusing Bankman-Fried of attempting “to interfere with a fair trial by an impartial jury.” According to <a href="https://storage.courtlistener.com/recap/gov.uscourts.nysd.590939/gov.uscourts.nysd.590939.176.0.pdf">the memo</a>, he gave documents to a <em>Times </em>reporter that sought to discredit his ex-girlfriend <a href="https://www.thedailybeast.com/sam-bankman-fried-associates-caroline-ellison-gary-wang-plead-guilty-to-us-charges">Caroline Ellison</a>, who once ran Bankman-Fried’s crypto hedge fund Alameda Research. (Ellison pleaded guilty to criminal charges in December and is cooperating with prosecutors in their case against him.)</p> <p><a href="https://www.thedailybeast.com/ftx-ceo-sam-bankman-fried-leaked-his-exs-diary-to-the-ny-times-prosecutors-claim">Read more at The Daily Beast.</a></p><!-- /wp:html -->

Michael M Santiago/Getty Images

A flurry of allegations rained down on FTX founder Sam Bankman-Fried on Thursday, ranging from new claims about financial impropriety to an accusation that he leaked his ex’s diary entries to The New York Times.

First, in a lawsuit filed in Delaware court on Thursday, FTX claimed that Bankman-Fried is funding his legal bills with misappropriated cash: Last year, he allegedly sent his dad $10 million, the company said—money that is now being used to pay his lawyers. The allegations echo earlier reporting by Forbes.

Separately, prosecutors in the Southern District of New York sent a letter to the judge presiding over his case on Thursday, accusing Bankman-Fried of attempting “to interfere with a fair trial by an impartial jury.” According to the memo, he gave documents to a Times reporter that sought to discredit his ex-girlfriend Caroline Ellison, who once ran Bankman-Fried’s crypto hedge fund Alameda Research. (Ellison pleaded guilty to criminal charges in December and is cooperating with prosecutors in their case against him.)

Read more at The Daily Beast.

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