Sam Bankman-Fried is going to prison. He won’t be spending time in a maximum security facility, and he’ll be placed as close to his family in the San Francisco Bay Area as possible, but he’s going to prison nonetheless – and he’ll be there for the next 25 years.
Recapping FTX Founder Sam Bankman-Fried’s Trial
Sam Bankman-Fried was convicted last year. Here’s how his trial came together.
How Sam Bankman-Fried’s Sentencing Hearing May Play Out
Sam Bankman-Fried will find out this week if he is potentially facing decades in prison. Judge Lewis Kaplan is set to sentence him for his conviction last year on two fraud charges and five conspiracy charges tied to the operation and collapse of FTX.
SBF Trial: The Last Day of Summer Camp
We weren’t really sure if it was the last day or not. The jury determining Sam Bankman-Fried’s fate had begun deliberating the charges just a few hours before, after Judge Lewis Kaplan had spent much of the morning and some time after lunch reading out a 60-page charging document. Surely a case of this complexity – seven different charges, billions of dollars allegedly stolen, questions about whether witnesses were telling the truth – would take a while.
What’s Next for Sam Bankman-Fried’s Legal Case?
The story of “United States v. Sam Bankman-Fried” isn’t quite over yet. Now that he’s been found guilty on seven different charges, a few different things are going to happen.
‘Unanimous Verdict, Your Honor’: Sam Bankman-Fried’s Conviction Was Inevitable
Twelve jurors spent less than five hours deciding the facts. They asked for portions of transcripts from Paradigm’s Matt Huang and Third Point’s Robert Boroujerdi testimony, as well as highlighters and Post-it Notes, and when they didn’t immediately receive the version of the indictment, they requested that too. And yet, they quickly decided that Bankman-Fried was guilty on all seven counts.
The Case Against Sam Bankman-Fried
Is Sam Bankman-Fried going to prison? Five weeks into his criminal trial, 12 randomly selected New Yorkers are preparing to discuss among themselves whether they believe he violated federal law or not.
Sam Bankman-Fried Survived His Testimony. Next Up: The Jury
More than 60 people lined up to watch Sam Bankman-Fried’s fourth day of testimony, filling the single overflow room to the point extra chairs were set against the walls for some of the audience members.
Bankman-Fried Had a Hairy Day in Court
An observation from sleep-deprived day 15 of Sam Bankman-Fried’s criminal trial: prosecutors embrace the inevitable outcome of male pattern baldness; defense lawyers don’t.
Sam Bankman-Fried Implied His Friends Lied About His Role in FTX’s Collapse
Sam didn’t do it. He didn’t defraud anyone, he didn’t steal customer funds – he just built a company which “turned out basically the opposite” of the product he envisioned when he founded FTX: “A lot of people got hurt – customers, employees – and the company ended up in bankruptcy.” At least, that’s his story.
Sam Bankman-Fried’s Terrible, Horrible, No Good, Very Bad Day
Sam Bankman-Fried began his testimony like the brilliant former golden boy from crypto’s better days. He ended the longest, strangest, most torturous day yet of his criminal trial more imperiled than ever before.
What’s Left for Sam to Say?
Sam Bankman-Fried has said a lot in the months after FTX collapsed about what happened. What’s left for him to discuss?
Sam Bankman-Fried’s Defense May Depend on Character and Fact Witnesses
Sam Bankman-Fried’s defense presentation won’t kick off until later this week, but it’s already clear his defense may hinge on one key witness: himself. That’s according to Kevin O’Brien, a partner at Ford O’Brien LLP and a former assistant U.S. attorney who specializes in white collar criminal cases.
The Sam Bankman-Fried Trial: One Expert Witness
The defense team has revealed its sole proposed expert witness, who’ll try to point out flaws in the DOJ’s presentations.
The Sam Bankman-Fried Trial: It’s the Courthouse Life for Us
To get a courtroom seat, you gotta show up early: at least 7:30 a.m. The overflow room is more relaxed, but there’s no Sam, just his televised image.
The Sam Bankman-Fried Trial: Our Favorite Quotes, So Far
It’s fall break! Thursday ended early after just two witnesses – former FTX General Counsel Can Sun and Third Point’s Robert Boroujerdi – testified briefly. We won’t be back in the courthouse at 500 Pearl Street until next Thursday, Oct. 26, when we’ll resume our normal analyses. Instead, today, CoinDesk’s SBF trial team is proud to present: Our favorite quotes.
Judge Kaplan’s Ire Hits All Lawyers in the Sam Bankman-Fried Case
We’ve entered the soul-sucking phase of Sam Bankman-Fried’s month-long criminal trial. The part where an antsy Judge Lewis Kaplan paces and glares – and then lashes out at prosecutors (and also defense lawyers) for wasting everyone’s time.
(One Part of) SBF’s Defense Strategy Starts Paying Off
All three of Sam Bankman-Fried’s “inner circle” members have now testified against the FTX founder, and all three have presented similarly on the witness stand: clearly rehearsed, adamant that the FTX founder was in charge and careful not to stray too far from their well-practiced narratives. They were confident when responding to prosecutors, but were less polished when confronted by the defense.
SBF Trial: FTX Exec Felt ‘Suicidal’ in Crypto Exchange’s Final Days
Nishad Singh told a jury on Monday that his September meeting with Bankman-Fired was the first time he realized that Alameda, FTX’s sister trading firm, had spent billions of dollars of FTX user deposits, and had left a gaping hole in both companies’ balance sheets.
SBF Trial: What Did FTX’s Terms of Service Say About Customer Funds?
A filing last week suggests Sam Bankman-Fried’s defense wants to get back to the argument that Bankman-Fried did not technically commit wire fraud because FTX’s terms of service were worded in such a way that there’s no case to argue funds were misappropriated.