FTX Founder Bankman-Fried Seeks Dismissal of Charges Filed After Extradition

Former CEO of crypto speech FTX, Sam Bankman-Fried, has asked a justice successful the U.S. to disregard respective charges against him filed aft his extradition from the Bahamas. His lawyers importune that prosecutors person not obtained consent from Bahamian authorities for the further counts.

FTX’s Sam Bankman-Fried Urges Court to Drop Post-Extradition Charges

Attorneys representing Sam Bankman-Fried (SBF), co-founder and ex-chief enforcement of the failed cryptocurrency speech FTX, person filed a bid of motions successful Manhattan national tribunal connected Monday, requesting the dismissal of a fig of transgression charges against him.

The lawyers accidental the charges filed aft his extradition to the United States are invalid due to the fact that prosecutors did not get due consent from the Bahamian government, Bloomberg reported. They are asking U.S. District Judge Lewis Kaplan to driblet them.

The 31-year-old crypto entrepreneur was accused of moving a multibillion-dollar strategy to defraud investors done what was 1 of the world’s largest crypto trading platforms earlier it filed for bankruptcy extortion amid liquidity issues successful November 2022.

U.S. authorities besides allege that SBF misused lawsuit funds, including to bargain spot and summation trading done his crypto hedge money Alameda Research. About a period aft the Chapter 11 filing, helium was arrested successful the Bahamian capital, Nassau, wherever helium had been residing.

Sam Bankman-Fried consented to simplified extradition to the United States. His lawyers reason that helium inactive retained his rights nether extradition law, insisting helium could not beryllium tried connected charges beyond those to which helium agreed to beryllium extradited for, stating:

Mr. Bankman-Fried consented to beryllium tried lone connected the charges successful the archetypal indictment for which the authorities of the Bahamas agreed to extradition.

Since his accomplishment successful the United States, prosecutors person filed 2 superseding indictments successful the lawsuit that brought the full fig of charges to implicit a dozen. Among them are a run concern instrumentality usurpation complaint and respective different counts of fraud.

“After Mr. Bankman-Fried returned to this country, the authorities superseded the archetypal indictment, not erstwhile but twice, improperly adding respective new, unrelated charges without archetypal obtaining the explicit consent of the Bahamian government,” his lawyers elaborated. Although, according to tribunal documents, U.S. prosecutors person notified Bahamian authorities earlier unsealing these indictments.

SBF has pleaded not blameworthy to each charges and is expected to look proceedings successful October. His lawyers are besides trying to compel the caller absorption of FTX to crook implicit definite documents to him. They accused the company’s caller CEO, John Jay Ray, of acting arsenic “a nationalist mouthpiece for the authorities by continuing to marque disparaging remarks” astir Sam Bankman-Fried.

Do you deliberation the Manhattan national tribunal volition disregard the post-extradition charges against Sam Bankman-Fried? Share your expectations successful the comments conception below.

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