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Former CEO of crypto trade FTX, Sam Bankman-Fried, has requested a decide within the U.S. to dismiss a number of expenses in opposition to him filed after his extradition from the Bahamas. His legal professionals insist that prosecutors haven’t obtained consent from Bahamian authorities for the extra counts.
FTX’s Sam Bankman-Fried Urges Court docket to Drop Publish-Extradition Costs
Attorneys representing Sam Bankman-Fried (SBF), co-founder and ex-chief government of the failed cryptocurrency trade FTX, have filed a collection of motions in Manhattan federal court docket on Monday, requesting the dismissal of a variety of legal expenses in opposition to him.
The legal professionals say the costs filed after his extradition to america are invalid as a result of prosecutors didn’t get correct consent from the Bahamian authorities, Bloomberg reported. They’re asking U.S. District Choose Lewis Kaplan to drop them.
The 31-year-old crypto entrepreneur was accused of operating a multibillion-dollar scheme to defraud traders by what was one of many world’s largest crypto buying and selling platforms earlier than it filed for chapter safety amid liquidity points in November 2022.
U.S. authorities additionally allege that SBF misused buyer funds, together with to purchase property and enhance buying and selling by his crypto hedge fund Alameda Analysis. A few month after the Chapter 11 submitting, he was arrested within the Bahamian capital, Nassau, the place he had been residing.
Sam Bankman-Fried consented to simplified extradition to america. His legal professionals argue that he nonetheless retained his rights underneath extradition legislation, insisting he couldn’t be tried on expenses past these to which he agreed to be extradited for, stating:
Mr. Bankman-Fried consented to be tried solely on the costs within the unique indictment for which the federal government of the Bahamas agreed to extradition.
Since his arrival in america, prosecutors have filed two superseding indictments within the case that introduced the full variety of expenses to over a dozen. Amongst them are a marketing campaign finance legislation violation cost and a number of other different counts of fraud.
“After Mr. Bankman-Fried returned to this nation, the federal government outdated the unique indictment, not as soon as however twice, improperly including a number of new, unrelated expenses with out first acquiring the specific consent of the Bahamian authorities,” his legal professionals elaborated. Though, in keeping with court docket paperwork, U.S. prosecutors have notified Bahamian authorities earlier than unsealing these indictments.
SBF has pleaded not responsible to all expenses and is anticipated to face trial in October. His legal professionals are additionally attempting to compel the brand new administration of FTX to show over sure paperwork to him. They accused the corporate’s new CEO, John Jay Ray, of performing as “a public mouthpiece for the federal government by persevering with to make disparaging remarks” about Sam Bankman-Fried.
Do you suppose the Manhattan federal court docket will dismiss the post-extradition expenses in opposition to Sam Bankman-Fried? Share your expectations within the feedback part under.
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