USA v. Samuel Bankman-Fried Court Filing, retrieved on March 15, 2024 is part of . You can jump to any part in this filing . This part is 1 of 33. HackerNoon’s Legal PDF Series here F. The Enhancement for Abuse of Trust Is Applicable The defendant objects to the two-level enhancement for abuse of a position of public or private trust. . A defendant’s offense level is increased by two levels pursuant to Section 3B1.
Arguing otherwise, the defendant asserts that he was in a “purely arm’s-length contractual relationship.” . The trial evidence proved the contrary—as the jury concluded. Can Sun, an attorney at FTX, testified that “customer assets held in trust,” meaning “that you hold them, that you are not the beneficial owner of them, and you are holding it for the benefit of someone else; in this case, customers.” .
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.
Source: FoxBusiness - 🏆 458. / 53 Read more »