Skip to main content

Feds Rail Against Sam Bankman-Fried in Brutal New Allegations

Criminal Justice,Sam Bankman-Fried,Cryptocurrency,FTX

From the Left

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.)

AllSides Picks

More News about Criminal Justice

News from the Left

News from the Center

News from the Right