Sam Bankman-Fried’s Criminal Trial Delayed Due to New Evidence, Charges

• SBF’s attorneys requested a delay of his October 2 criminal trial due to additional evidence and charges being filed.
• The CFTC and SEC have both filed civil lawsuits against the FTX founder for fraud, which will be postponed until after the criminal trial.
• A new 12-count indictment was issued in February, including commodities fraud and making illicit political contributions.

Delay Requested for Sam Bankman-Fried’s Criminal Trial

Sam Bankman-Fried’s attorneys said Wednesday that a delay of his October 2 criminal trial may be necessary. Attorneys for SBF argued that additional time may be required to thoroughly review the evidence and prepare a defense for the upcoming trial.

Additional Evidence & Charges Filed

Related Reading: AirBit: Execs Of Fake Crypto Trading Firm Plead Guilty To $100 Million Ponzi Scheme SBF Lawyers Awaiting ‘Substantial Portion’ Of Evidence Bankman-Fried’s attorneys wrote to U.S. District Judge Lewis Kaplan on March 8 that they weren’t formally requesting a date change at the moment, but that it might be necessary given that they were still waiting for a “substantial portion” of evidence to be turned over to them and that additional charges had been filed against the FTX founder in late February.

CFTC & SEC Civil Suits Postponed

Don’t wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today! After Bankman-Fried’s crypto exchange failed in November and he was arrested in December, his lawyers observed that prosecutors filed further fraud and conspiracy accusations late last month, bringing the total number of counts to 12. One of Bankman-Fried’s lawyers, Christian Everdell, wrote in the letter: “Depending on the volume of the additional discovery and the timing of the productions, it may be necessary to request an adjournment of the trial, currently scheduled to begin on October 2, 2023.” The Commodities Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have both filed civil lawsuits against the FTX founder for fraud; these trials have been postponed until after Bankman-Fried’s criminal trial concludes.

New Indictment with 12 Counts

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? 570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now! Image: Opsec Solutions SBF Charges Bumped In a subsequent indictment issued in New York federal court in February, Bankman-Fried was slammed with four more criminal allegations – including commodities fraud and making illicit political contributions – raising his total number of counts from 8 to 12.

BTCUSD Currently Trading Lower

The new charging document provides more context for allegations of fraud against Bankman-Fried regarding his failed cryptocurrency exchange FTX and linked hedge fund Alameda Research late 2022 – however BTCUSD is currently trading lower than when this article was written

Sam Bankman-Fried’s Criminal Trial Delayed Due to New Evidence, Charges
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