By Mason Lawlor | April 10, 2024
This case was first surfaced by Law.com Radar.
By Jane Wester | April 5, 2024
U.S. District Judge Jed Rakoff of the Southern District of New York said he intends to rule on penalties no later than the first week of May, after receiving briefs from the defendants and the U.S. Securities and Exchange Commission.
By Jane Wester | March 28, 2024
Bankman-Fried, 32, was also ordered to forfeit more than $11 billion. His attorneys at Mukasey Young, led by Marc Mukasey, have said he will appeal.
By Cassandre Coyer | March 21, 2024
The SEC issued its first two official charges against companies' "AI washing" practices on March 18, which sources expect to be "only the beginning."
By Jane Wester | November 2, 2023
Jurors heard testimony from former FTX customers, investors and, crucially, a group of former employees who testified about Bankman-Fried's state of mind and behind-the-scenes actions as his companies grew and then collapsed in November 2022.
By Jane Wester | October 20, 2023
With the charges dismissed, the only step remaining before a potential appeal is a remedies phase.
By Maria Dinzeo | September 12, 2023
"The difference between something that's illegal and something that needs your advice and counsel to get corrected is usually pretty stark," said Ryne Miller, who left FTX after CEO Sam Bankman-Fried was charged with carrying out a massive fraud.
By Trudy Knockless | August 8, 2023
The SEC says it knows there are many other firms guilty of the same record-retention failures. It implored them to self-report, in return for less harsh punishment.
By Jane Wester | July 21, 2023
The adversary proceeding in Delaware bankruptcy court accused the founder and others of "abus[ing] their control over the FTX Group to commit one of the largest financial frauds in history."
By Amit Dungarani, Casepoint | July 21, 2023
Although no organization can completely avoid human error, using the right technologies to spot potential risk and support robust mitigation measures can help avert a similar situation in the future.
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