Skip to main content

SBF wants to subpoena documents from old FTX/Alameda law firm to use in his defense

The prosecution and FTX debtors already have access to the documents, which concern 11 topics and may contain material favorable to SBF.

Sam Bankman-Fried (SBF) is seeking to subpoena documents from Fenwick & West. That’s the law firm that served as the outside counsel to FTX, Alameda Research and SBF personally from “early in their development” until the FTX bankruptcy. Now SBF’s legal team wants to use the documents in his defense in the 13-count criminal case against him.

According to a memorandum filed in the United States District Court for the Southern District of New York, Fenwick has stated that it cannot turn over the documents without the permission of the FTX debtors. The documents represent advice and other content produced by the firm.

The documents are already in the hands of the FTX debtors and the government. FTX has waived any claims of attorney-client privilege protections of the documents in at least one case, the memorandum said. It added:

“The FTX Debtors have given the Government full access to its documents, without the need to issue subpoenas, and are so enmeshed in the Government’s investigation that they must be considered part of the ‘prosecution team’ for purposes of the Government’s discovery obligations.”

The documents are grouped into 11 requests that touch on “critical topics that are material to preparing the defense.” The subject matter includes FTX's, FTX US' and Alameda’s incorporation, financial and legal ties among those organizations, the incorporation of North Dimension and North Wireless Dimension, the organizations’ relations to Silvergate Bank, FTX data retention policies, liquidity and margin lending, registration as a money services business, and a variety of statements the organizations made.

Related: Judge approves taps on SBF’s parents’ phones to meet bail conditions

The memorandum cites Rules 16 and 17 of the Federal Rules of Criminal Procedure, which concern the disclosure of information used by the government in a trial and subpoenas, respectively, as well as the U.S. Supreme Court’s Brady decision on evidence disclosure.

SBF has pleaded not guilty to eight charges that could land him in jail for 115 years. Five charges were added to the original eight after his extradition from the Bahamas. He later sought the dismissal of most of the charges.

Magazine: SBF pleads not guilty, crypto layoffs, and bank run on Silvergate: Hodler’s Digest, Jan. 1-7



from https://ift.tt/d913GkT
https://ift.tt/jwz68lt

Comments

Popular posts from this blog

Five Bitcoin Price Charts Analyzing The Dramatic Q1 2022 Conclusion

There are only hours remaining until the Q1 2022 close in Bitcoin price action. With the important quarterly candle set to close tonight, let’s look at what technicals might say about the direction of the next quarter. Q1 2022 Comes To A Close For Bitcoin The first quarter of a year, often sets the tone for the year to come. In investments, a poor Q1 performance is indicative of a bad year ahead. Considering the fact that Bitcoin price is now above $45,000 after touching $32,000 this quarter, it is tough to say the performance has been “poor” by anything other than crypto standards. Related Reading | Bitcoin Weekly Momentum Flips Bullish For First Time In 2022 The cryptocurrency has recovered nearly 40% from the low, leaving a long wick behind. Such a long wick suggests that before the quarter came to a close, buyers stepped up in a major way. Buyers were able to step up in a larger capacity in Q1 2022 than bears were able to in the final quarter of last year. The bearish wick to cl...

ENS DAO delegates offer perspective on DAO governance and decentralized identity

AlphaWallet CEO and Spruce co-founder talk about their roles as contributors to the Ethereum Name Service following the project's recent airdrop. Earlier this month, the Ethereum Name Service, or ENS, formed a decentralized autonomous organization, or DAO, for the ENS community.  Cointelegraph spoke to two ENS DAO delegates who applied for the opportunity to represent the community and stay involved in the decision making process: Victor Zhang, CEO of AlphaWallet, an open source Ethereum wallet, and Gregory Rocco, co-founder of Spruce, a decentralized ID and data toolkit for developers. Zhang spoke about his experience as an external contributor to ENS and an early supporter since 2018. Zhang initially sought to help ENS by offering Alpha Wallet as a user-friendly tool for  resolving .eth names and cryptocurrency wallet addresses. Essentially, if a user inputs an .eth name in the AlphaWallet, it will show the wallet address, and vice versa using reverse resolution. Alpha...

How Social Platform Chingari is Using Web 3.0 to Transform the Traditional Way We Use Social Media

The world is changing. This isn’t news to anyone, but sometimes it is nice to realize that—contrary to news headlines—not all the change is bad.  In fact, the last decade has seen so much innovation and so many improvements to technology that even 2015 seems like a different world.  Internet speeds, connecting with anyone globally (for free), and our ability to reach large groups of people without a middleman is nothing short of revolutionary. When it comes to technology evolution, this often happens with different iterations.  Once a system is mature, there’s a better idea of what we would like to change and improve.  We go back to the drawing board, target our creative minds at the issues, and create a new version that has evolved to better meet our needs.  The Internet has followed this model since its inception, evolving through three distinct stages.  We are only at the cusp of the third stage, called Web 3.0, with technologies such as blockchain and ...