FILE - FTX founder Sam Bankman-Fried leaves Federal court, July 26, 2023, in New York. Jury selection begins Tuesday, Oct. 3 in a case in which the 31-year-old crypto mogul faces the possibility of a long prison term if convicted. Prosecutors say he cheated thousands of people who deposited cryptocurrency on the FTX exchange by illegally diverting massive sums of their money for his personal use, including making risky trades at his cryptocurrency hedge fund.
Prosecutors say the California man defrauded thousands of investors and customers in his businesses by siphoning off their money for his own uses. Attorneys and Judge Lewis A. Kaplan were reducing a pool of 45 prospective jurors to a jury of 12 with six alternates, who would sit through the duration of a trial projected to last up to six weeks.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Law Law Latest News, Law Law Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTX’s Sam Bankman-Fried is on trial for fraud and conspiracyDid the Good Boy of crypto break bad?
Source: verge - 🏆 94. / 67 Read more »
FTX founder Sam Bankman-Fried goes on trial in US for crypto fraudThe MIT graduate's spectacular rise was only matched by his ignominious downfall, arrested in Bahamas and extradited to face charges in the US.
Source: trtworld - 🏆 101. / 63 Read more »
Sam Bankman-Fried trial live: FTX founder faces seven conspiracy and fraud countsSam Bankman-Fried’s confidants were along for the ride. At his side was Caroline Ellison, Alameda’s CEO and his on-again, off-again lover. El...
Source: AllSidesNow - 🏆 572. / 51 Read more »
Jury selection resumes at fraud trial for FTX founder Sam Bankman-FriedThe final stages of jury selection have resumed at the fraud trial of FTX founder Sam Bankman-Fried in New York City.
Source: AP - 🏆 728. / 51 Read more »
Jury selection resumes at fraud trial for FTX founder Sam Bankman-FriedThe final stages of jury selection have resumed at the fraud trial of FTX founder Sam Bankman-Fried in New York City
Source: WOKVNews - 🏆 247. / 63 Read more »
Jury selection resumes at fraud trial for FTX founder Sam Bankman-FriedThe final stages of jury selection have resumed at the fraud trial of FTX founder Sam Bankman-Fried in New York City.
Source: wjxt4 - 🏆 246. / 63 Read more »