Bankman-Fried faces FTX lawsuit, witness tampering accusation
By Karah Rucker (Anchor/Reporter), Ben Burke (Editor/Digital Producer)
Media Landscape
See who else is reporting on this story and which side of the political spectrum they lean. To read other sources, click on the plus signs below. Learn more about this dataBias Distribution
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FTX sues founder Sam Bankman-Fried and three others for $1bn
Click to see story on The GuardianFTX Sues Founder Sam Bankman-Fried, Ex Top Officials For Over $1 Billion
Click to see story on NDTVProsecutors say FTX founder Sam Bankman-Fried is harassing a key witness at his upcoming trial
Click to see story on Associated Press NewsProsecutors say FTX founder Sam Bankman-Fried is harassing a key witness at his upcoming trial
Click to see story on abc NewsProsecutors say FTX founder Sam Bankman-Fried is harassing a key witness at his upcoming trial
Click to see story on KRDOProsecutors accuse FTX’s Bankman-Fried of witness tampering
Click to see story on Channel News AsiaFTX sues its own founder Sam Bankman-Fried to recover over $1 bn
Click to see story on WIONFTX lawyers sue to reclaim millions from Sam Bankman-Fried, other execs
Click to see story on UPIProsecutors say FTX founder Sam Bankman-Fried is harassing a key witness at his upcoming trial
Click to see story on WKMGProsecutors say FTX founder Sam Bankman-Fried is harassing a key witness at his upcoming trial
Click to see story on Portland Press HeraldProsecutors accuse FTX’s Bankman-Fried of witness tampering
Click to see story on The PrintFTX sues Sam Bankman-Fried and other former execs to claw back $1B
Click to see story on CointelegraphFTX sues Bankman-Fried, others to recoup more than $1 billion
Click to see story on DevdiscourseProsecutors say FTX founder Sam Bankman-Fried is harassing a key witness at his upcoming trial
Click to see story on KOB 4FTX sues Sam Bankman-Fried and former associates seeking more than $1bn
Click to see story on Financial TimesFTX sues Sam Bankman-Fried, others to recoup more than $1 billion
Click to see story on Times of IndiaProsecutors say FTX founder Sam Bankman-Fried is harassing a key witness at his upcoming trial
Click to see story on Financial PostFTX sues Sam Bankman-Fried and other former execs to recoup over $1 billion
Click to see story on Evening StandardProsecutors say FTX founder Sam Bankman-Fried is harassing a key witness at his upcoming trial
Click to see story on MY NorthwestSam Bankman-Fried Accused of Trying to Discredit FTX Witness Caroline Ellison
Click to see story on Wall Street JournalRight
Untracked Bias
Prosecutors say FTX founder Sam Bankman-Fried is harassing a key witness at his upcoming trial
Click to see story on My Mother LodeFTX Sues Founder Sam Bankman-Fried, Seeks to Recoup Over $1 Billion
Click to see story on NDTV Gadgets 360Prosecutors say FTX founder Sam Bankman-Fried is harassing a key witness at his upcoming trial – The Morning Sun
Click to see story on communityq.comFTX filed a lawsuit against founder Sam Bankman-Fried and other former company executives. Other listed defendants include Caroline Ellison, who led Bankman-Fried’s Alameda Research hedge fund; former FTX technology chief Zixiao “Gary” Wang; and former FTX engineering director Nishad Singh.
The company is looking to recoup more than $1 billion lost before it filed for Chapter 11 bankruptcy in November 2022. The lawsuit accused Bankman-Fried and the other executives of misappropriating the money.
In the lawsuit, FTX said the executives used the funds to finance luxury condominiums, political contributions, speculative investments and other “pet projects.” The lawsuit alleges Bankman-Fried sent $10 million in company funds to his personal accounts and is now using that money to pay for his criminal defense. Bankman-Fried is also accused of gifting his father another $10 million.
Bankman-Fried has pleaded not guilty to several criminal charges, with prosecutors calling him the mastermind of a fraud that led to FTX’s collapse. Ellison, Wang and Singh have pleaded guilty and agreed to cooperate with prosecutors.
The FTX lawsuit was filed the same day federal prosecutors accused Bankman-Fried of witness tampering. The prosecutors asked a judge to issue an order that would bar Bankman-Fried and other parties from making public statements that could interfere with a fair trial.
The letter to the judge referenced a New York Times article that included excerpts from Ellison’s personal Google documents. Prosecutors said it was apparent Bankman-Fried shared documents with the Times, and his lawyers have since confirmed to the government that he met with one of the article’s authors in person and shared documents “that were not part of the government’s discovery material.”
LAWYERS FOR THE FAILED CRYPTO-CURRENCY EXCHANGE “F-T-X” ARE **SUING THE COMPANY’S CO-FOUNDER AND FORMER CEO “SAM BANKMAN-FRIED.”
THE LAWSUIT ALLEGES THAT BANKMAN-FRIED SENT **10-MILLION-DOLLARS** IN **COMPANY FUNDS TO HIS “PERSONAL ACCOUNTS”.
ACCORDING TO THE LAWYERS —
HE IS NOW USING THAT MONEY…TO PAY FOR HIS CRIMINAL DEFENSE.
THE LAWSUIT ALSO ALLEGES BANKMAN-FRIED “GIFTED” HIS FATHER WITH ANOTHER **10 MILLION** IN COMPANY FUNDS.
THIS IS JUST THE LATEST SCANDAL TO UNRAVEL FROM THE COLLAPSE OF F-T-X.
BANKMAN-FRIED WAS INDICTED ON FRAUD AND BRIBERY CHARGES AND IS SET TO BEGIN TRIAL LATER THIS YEAR.
Related
Media Landscape
See who else is reporting on this story and which side of the political spectrum they lean. To read other sources, click on the plus signs below. Learn more about this dataBias Distribution
Left
FTX sues founder Sam Bankman-Fried and three others for $1bn
Click to see story on The GuardianFTX Sues Founder Sam Bankman-Fried, Ex Top Officials For Over $1 Billion
Click to see story on NDTVProsecutors say FTX founder Sam Bankman-Fried is harassing a key witness at his upcoming trial
Click to see story on Associated Press NewsProsecutors say FTX founder Sam Bankman-Fried is harassing a key witness at his upcoming trial
Click to see story on abc NewsProsecutors say FTX founder Sam Bankman-Fried is harassing a key witness at his upcoming trial
Click to see story on KRDOProsecutors accuse FTX’s Bankman-Fried of witness tampering
Click to see story on Channel News AsiaFTX sues its own founder Sam Bankman-Fried to recover over $1 bn
Click to see story on WIONFTX lawyers sue to reclaim millions from Sam Bankman-Fried, other execs
Click to see story on UPIProsecutors say FTX founder Sam Bankman-Fried is harassing a key witness at his upcoming trial
Click to see story on WKMGProsecutors say FTX founder Sam Bankman-Fried is harassing a key witness at his upcoming trial
Click to see story on Portland Press HeraldProsecutors accuse FTX’s Bankman-Fried of witness tampering
Click to see story on The PrintFTX sues Sam Bankman-Fried and other former execs to claw back $1B
Click to see story on CointelegraphFTX sues Bankman-Fried, others to recoup more than $1 billion
Click to see story on DevdiscourseProsecutors say FTX founder Sam Bankman-Fried is harassing a key witness at his upcoming trial
Click to see story on KOB 4FTX sues Sam Bankman-Fried and former associates seeking more than $1bn
Click to see story on Financial TimesFTX sues Sam Bankman-Fried, others to recoup more than $1 billion
Click to see story on Times of IndiaProsecutors say FTX founder Sam Bankman-Fried is harassing a key witness at his upcoming trial
Click to see story on Financial PostFTX sues Sam Bankman-Fried and other former execs to recoup over $1 billion
Click to see story on Evening StandardProsecutors say FTX founder Sam Bankman-Fried is harassing a key witness at his upcoming trial
Click to see story on MY NorthwestSam Bankman-Fried Accused of Trying to Discredit FTX Witness Caroline Ellison
Click to see story on Wall Street JournalRight
Untracked Bias
Prosecutors say FTX founder Sam Bankman-Fried is harassing a key witness at his upcoming trial
Click to see story on My Mother LodeFTX Sues Founder Sam Bankman-Fried, Seeks to Recoup Over $1 Billion
Click to see story on NDTV Gadgets 360Prosecutors say FTX founder Sam Bankman-Fried is harassing a key witness at his upcoming trial – The Morning Sun
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