Thrifty Banker
  • Politics
  • Business
  • World
  • Investing
  • Politics
  • Business
  • World
  • Investing

Thrifty Banker

Business

Here’s who might testify in Sam Bankman-Fried’s fraud trial

by October 5, 2023
October 5, 2023
Here’s who might testify in Sam Bankman-Fried’s fraud trial

On day one of Sam Bankman-Fried’s criminal trial, Assistant U.S. Attorney Danielle Sassoon rattled off a lengthy list of potential witnesses who might be called to testify for either the government or the defense.

The list, which was compiled jointly by both sides, was released during the afternoon session and included Bankman-Fried’s brother, Gabe, as well his parents, Allan Joseph Bankman and his wife, Barbara Fried.

Parents of the disgraced former CEO of FTX are themselves the subject of new scrutiny. Bankrupt crypto exchange FTX is looking to claw back luxury property and “millions of dollars in fraudulently transferred and misappropriated funds” from Bankman-Fried’s parents, alleging that they both “exploited their access and influence within the FTX enterprise to enrich themselves, directly and indirectly, by millions of dollars.”

Also on the list of potential witnesses were multiple former FTX executives and employees, including:

Caroline Ellison, Alameda’s ex-CEO and Bankman-Fried’s former romantic partnerGary Wang, FTX co-founder and Bankman-Fried’s childhood friend from math campNishad Singh, FTX ex-engineering headRyne Miller, FTX US general counselDaniel Friedberg, FTX’s former chief regulatory officer.

Ellison, who is the former chief executive of Alameda Research, and FTX co-founder Wang, both pleaded guilty in December to multiple charges and have been cooperating with the U.S. attorney’s office in Manhattan for months.

Investors and other high-profile names included:

Anthony Scaramucci, founder of SkyBridge Capital and a friend and business partner of Bankman-FriedAlfred Lin from venture capital investor Sequoia CapitalZac Prince, CEO of the bankrupt crypto company BlockFi.

Other entities that may take the witness stand included various venture funds and crypto-focused companies like Genesis, Lightspeed Venture Partners, Ontario Teachers Pension Fund, Third Point, Signature Bank, and Voyager Digital. Many of these businesses were hurt or wiped out by the collapse in cryptocurrency prices triggered in part by FTX’s implosion.

Jurors were also asked during the afternoon session if anybody had watched the recent “60 Minutes” interview with author Michael Lewis, who has been extensively documenting Bankman-Fried’s activities for a profile book about FTX being released this week. Many of them raised their hands.

More from CNBC:

GM’s third-quarter sales jump 21% as UAW strike slowly expandsUnited Airlines buys 110 additional Boeing, Airbus jets into the 2030s with delivery slots scarceMortgage rate races toward 8% after hitting a high not seen since late 2000

This post appeared first on NBC NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
How to Invest in Lithium (2023 Edition)
next post
Democrat Sen Menendez’s wife hit, killed pedestrian while driving in 2018: reports

Related Posts

Sam Bankman-Fried is confronted with his own words...

October 31, 2023

Disney drops all but free speech claim in...

September 8, 2023

If you haven’t started your Thanksgiving trip, you’re...

November 28, 2023

Linda Yaccarino, CEO of X, says she has...

August 11, 2023

American Express CFO says spending picked up at...

January 26, 2025

Amazon and Nvidia say AI data center demand...

April 25, 2025

Shein and Temu see U.S. demand plunge as...

June 6, 2025

Fatburger parent company, chairman charged in alleged fraud...

May 13, 2024

Stellantis CEO says $25,000 Jeep EV coming to...

May 30, 2024

Tesla’s Cybertruck recalled for a fourth time over...

June 26, 2024

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Popular

    • 1

      Top 10 Countries for Natural Gas Production (Updated 2024)

      April 6, 2024
    • 2

      Understanding Lithium Mineralogy from an Investment Perspective

      September 12, 2023
    • 3

      US Capital Global Facilitates $50MM Financing to Accelerate Charbone Hydrogen’s North American Expansion

      June 6, 2025
    • 4

      Israel confirms it is arming Hamas rivals in operation opposition calls ‘complete madness’

      June 6, 2025
    • 5

      A GOP operative accused a monastery of voter fraud. Nuns fought back.

      January 3, 2025
    • 6

      Crypto Market Recap: Strategy Eyes US$1B Raise for Bitcoin Push, UK Regulator Reverses ETN Ban

      June 6, 2025
    • 7

      China’s aircraft carriers send message in the open Pacific for the first time – and bigger and more powerful ships are coming

      June 16, 2025

    Categories

    • Business (1,053)
    • Investing (2,079)
    • Politics (2,977)
    • Uncategorized (20)
    • World (3,387)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: thriftybanker.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thriftybanker.com | All Rights Reserved