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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, lawyers from the law firm Cohen & Gresser LLP 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 acted quickly to intervene, within a month alleging that Bankman-Fried was stealing billions in customer funds, defrauding investors, committing bank and wire fraud, providing improper loans, misleading lenders, transmitting money without a license, making illegal campaign contributions, bribing China officials, and other crimes. Through it all, Bankman-Fried has pleaded not guilty. Now, in his motion to dismiss, Bankman-Fried has requested an oral argument to "fight these baseless charges" and "clear his name." He's asking the court to dismiss 10 out of 13 charges, arguing that federal prosecutors have failed to substantiate most of their claims.
"The Government's haste and apparent willingness to proceed without having all the relevant facts and information has produced an indictment that is not only improperly brought but legally flawed and should be dismissed," Bankman-Fried's lawyers argued in one of several memos filed yesterday.
(Score: 4, Insightful) by JoeMerchant on Thursday May 11 2023, @03:19PM (4 children)
Isn't this the path to greatness? Slytherin style, Trump style, pretty much every Fortune 50 CEO style?
🌻🌻 [google.com]
(Score: 3, Insightful) by Rosco P. Coltrane on Thursday May 11 2023, @04:16PM (3 children)
You can bet it's pretty much the only avenue of defense left to him and he has nothing to lose,
I mean how else could he get a lighter sentence? Nobody likes him and nobody is ever going to fall for any act of contrition he might try to fake. So he's extremely unlikely to get a pardon or any kind of clemency. Also, he probably knows he looks guilty as a puppy sitting next to a pile of poo no matter what story he might try to spin.
So he might as well exploit his well-deserved image of a shameless unprincipled sonofabitch for all it's worth and try to build a disgusting, but possibly effective defense out of it.
(Score: 3, Funny) by JoeMerchant on Thursday May 11 2023, @04:57PM (2 children)
Just think of the job offers he's going to get after all this...
🌻🌻 [google.com]
(Score: 3, Touché) by Rosco P. Coltrane on Thursday May 11 2023, @06:31PM (1 child)
He's much too young to be POTUS.
(Score: 4, Touché) by JoeMerchant on Thursday May 11 2023, @07:21PM
>He's much too young to be POTUS.
You're never too young to run a Casino real-estate empire into the ground and star in a distorted reality TV series. Make a movie with a monkey and then you're qualified to be President (with the right backers...)
🌻🌻 [google.com]