This development comes amidst a separate civil case filed by FTX’s interim leadership against Bankman-Fried, Ellison, and other executives. In this case, they seek to recover cash and reverse transactions amounting to over $1 billion, collectively. Here is a taste of how the Bankman-Fried family spent some of that money.
The serious allegations in the lawsuit are numerous, including claims that Bankman-Fried diverted $10 million of FTX.US funds to his personal account.
Sam Bankman-Fried wearing a T-shirt he made for FTX, his failed business. But check this out, Sam’s lobbyist brother, Gabriel, planned to buy the island nation of Nauru with foundation funds.
The motive behind Gabe’s ambitious plan? Creating a fortified apocalypse bunker state to protect his philanthropic allies and foster a genetically enhanced human species.
Gabe Bankman-Fried Talk about thinking outside the box!
This is the house for Gabe’s “Non-Profit”, just wait til you see the inside Additionally, the suit alleges that over $100 million was politically donated using mixed company-customer funds, and Ellison herself is accused of granting herself a $22.5 million bonus during the FTX cash.
The U.S. Department of Justice (DOJ) has leveled serious accusations against Sam Bankman-Fried, the former CEO of FTX, alleging that he leaked the private diary of ex-Alameda Research CEO, Caroline Ellison, to the New York Times.
The leaked content was subsequently published in an article by the NYT, prompting the DOJ to take action in order to preserve the integrity of the ongoing legal proceedings.
In response to the leaked information, the U.S. Attorneys argue that Bankman-Fried’s actions have raised concerns related to Rule 23.1(a), which strictly prohibits lawyers and their agents from releasing non-public information about a case if it is likely to interfere with a fair trial. The DOJ contends that sharing Ellison’s personal writings with a reporter from a prominent publication (the New York Times in this case) could potentially prejudice a fair trial and impede the due administration of justice.
Given the intense media attention surrounding the case, the DOJ believes that an order restricting extrajudicial statements from all parties involved is crucial. The DOJ alleges that Bankman-Fried’s attempt to manipulate the media in his favor has further heightened concerns about the potential impact on the trial’s fairness and credibility.
The DOJ also expresses worries about the consequences of Bankman-Fried’s actions on Caroline Ellison herself. They argue that such leaks may constitute harassment and could have a detrimental effect on her well-being. Furthermore, the leaked information might taint the jury pool and create an environment of public humiliation and personal discrediting, potentially deterring other potential trial witnesses from testifying.
It is very strange to me that there are articles about her diary as far back as May 2023 like this one and this one — How did they know about her diary? Did Sam pump up his ex-gf’s diary like an NFT by hyping it up to reporters after he got arrested and then leaking it to the highest bidder in order to manipulate news coverage to get the trial thrown out?
You be the judge, I just pass along the info…
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