Trump claims Sam Bankman-Fried is not getting a pardon
Donald Trump has claimed in an interview that he has no intention of pardoning convicted cryptocurrency fraudster Sam Bankman-Fried.
Read more (2 min) →24 stories, newest first
Donald Trump has claimed in an interview that he has no intention of pardoning convicted cryptocurrency fraudster Sam Bankman-Fried.
Read more (2 min) →Even though Sam Bankman-Fried is in prison, a BTC wallet controlled by Alameda Research deposited about $30M into Binance last week.
According to the filing, the lawsuits against Allan Bankman and Barbara Fried have been dismissed without prejudice.
— Alameda Rsearch, Caroline Ellison
Caroline Ellison has been sentenced to two years in prison for her role in the FTX-Alameda Research fraud.
Two FTX and Alameda Research executives have been sentenced to prison, two have their sentencings scheduled, and one has pleaded guilty.
— Legal, Ryan Salame
The First Step Act says that non-violent inmates like Sam Bankman-Fried and Ryan Salame could get out of prison early. But there are caveats.
There’s little legal wiggle room for Bankman-Fried and while he may present specific arguments, the odds of them succeeding are pretty low.
Bankman-Fried's sentence comes after he was found guilty of wire fraud, conspiracy to commit fraud, and money laundering conspiracy.
Prosecutors have asked for a sentence of 40 to 50 years but attorneys working for Bankman-Fried have called such a timespan excessive.
David Mills also says that Bankman-Fried may be “at the very top of the list as the worst person I’ve ever seen do a cross-examination.”