SBF Appeals for Court Dismissal of Most FTX Collapse Charges

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Summary

  • Sam Bankman-Fried (SBF) has appealed to the court to dismiss ten out of thirteen charges related to the FTX collapse.
  • SBF’s legal team is arguing that some charges are multiplicitous, violate extradition treaties, and may unfairly prejudice the jury.
  • The legal team is currently not contesting three charges: conspiracy to commit commodities fraud, conspiracy to commit securities fraud and conspiracy to commit money laundering.

Background

The ongoing legal battle over Sam Bankman-Fried’s (SBF) responsibility for the FTX bankruptcy continues to grab headlines. On Monday, May 8th, SBF’s legal team filed a series of motions to dismiss ten of the thirteen charges against him concerning the FTX collapse.

Appeal Strategy

In a series of motions, Sam Bankman-Fried’s legal team has argued against most of the charges against him. The team asked the court to dismiss ten out of thirteen charges before the trial started. Firstly, SBF’s team claimed that counts nine and ten are multiplicitous and violate Double Jeopardy rules. Secondly, SBF’s lawyers argue Courts 9, 10, 12, 13 violate the rule of speciality. Finally, the defense argued that other counts fail either fail to state an offense or fail to allege a valid property right that SBF allegedly violated.

Charges Not Contested

The counts SBF’s lawyers are currently not contesting three charges: 5 – Conspiracy to commit commodities fraud; 6 – Conspiracy to commit securities fraud and 11 – Conspiracy to commit money laundering.

Conclusion

The outcome of this appeal may have significant implications for SBF’s legal defense. It remains unclear whether or not these motions will be successful in dismissing any or all of these counts before trial starts on June 7th 2023 at 1pm GMT+5 in London .