Robinhood to buy back shares of SBF's Emergent Fidelity Technologies from the U.S. government for $605.7 million
Odaily Planet Daily News reports that Robinhood has signed an agreement with the US Marshals Service (USMS) to buy back SBF's Emergent Fidelity Technologies shares for $605.7 million. After FTX and Emergent filed for bankruptcy protection last year, Robinhood's shares were seized and subsequently handed over to the US government for safekeeping.
SBF's expert witnesses charge upwards of $1,000 an hour, court documents show
New court documents in the FTX case reveal that if expert witnesses testify on behalf of SBF, they will be paid over $1,000 per hour. SBF may call upon seven expert witnesses to testify in the fraud trial scheduled for October 2, 2023. The recommended expert witnesses include Lawrence Akka, Thomas Bishop, Brian Kim, Joseph Pimbley, Bradley Smith, Peter Vinella, and Andrew Di Wu.
According to a court document dated August 28th, for example, former Federal Election Commission Chairman Bradley Smith will charge SBF's legal team $1,200 per hour to testify on issues such as US campaign finance law and straw donors.
Judge: Motion To Postpone SBF Trial Must Be Filed by Sept. 1
According to news released by Inner City Press on X, lawyers representing SBF did not request a change in the trial date for trial preparation, but the federal judge provided a limited window of time. Judge Lewis Kaplan stated that if the defense wants more time for review, they can request a postponement of the start of the trial, although there is no guarantee that such a motion will be approved.
Source: Lawyer says SBF's Sixth Amendment rights violated
FoxBusiness reporter Eleanor Terrett stated on X platform (formerly known as Twitter) that "SBF lawyer has written to a US judge claiming that his Sixth Amendment rights have been violated because the defense cannot adequately prepare for trial and prepare for defense under the current circumstances. The government's chosen path will inevitably lead to insufficient evidence, and this phenomenon cannot be remedied as long as SBF is imprisoned without internet access."
U.S. Attorney: SBF’s plan to argue that “its lawyers approved alleged fraud during his tenure at FTX” should be dismissed
Lawyers from the US Department of Justice stated in legal documents submitted on Tuesday that SBF plans to argue that his lawyer approved his alleged fraudulent behavior during his time at FTX, and that it should be dismissed as "irrelevant." US prosecutor Damian Williams stated in the documents that if further details are not provided, the court should exclude inquiries, evidence, and arguments related to the lawyer's involvement and consider that SBF should specify the legal advice or waive the defense he has raised.
SBF Attorney Files Again Motion for Temporary Release, Reason Still Not Insufficient for Material Review
SBF lawyers submitted a motion for temporary release again on August 28, citing the same reasons as before, including poor network conditions and insufficient laptop power in prison. Previously, SBF's legal team stated in documents submitted to the US Southern District Court of New York on August 25 that if the prosecutor's proposal is followed, SBF's preparation time for reviewing evidence materials before trial is not sufficient.
SBF Attorney Applies for Temporary Release of SBF Citing Excessive Documents Related to Case
According to Cointelegraph, in documents submitted to the United States District Court for the Southern District of New York, SBF's legal team stated that the time allowed by prosecutors for SBF to obtain discovery materials before trial is insufficient.
SBF pleads not guilty to latest indictment
On August 22nd, SBF appeared in court on Tuesday and pleaded not guilty to fraud and money laundering charges related to last year's FTX crash. SBF was tried in the Southern District Court of New York, and a new indictment accused him of using client funds for various activities, from buying personal real estate to political donations. Prosecutors asked the court to order SBF's defense team to share more information about his proposed legal defense.
Judge Has Granted SBF Permission To Meet With Its Lawyers Tomorrow
FOX Business reporter Eleanor Terrett tweeted that Judge Kaplan has approved SBF's meeting with his lawyer tomorrow (the day he was sued), from 8:30 to 15:00, and his lawyer can bring a laptop and a WiFi device to the meeting. Earlier reports stated that SBF applied for five days of release per week to prepare for his defense.
FTX Founder's Lawyers Argue for Better Jail Conditions Ahead of Fraud Trial
FTX founder SBF's attorneys have argued that his detention in a Brooklyn facility is hindering his ability to prepare for his criminal fraud trial in October. They claim that restrictions on who can visit him and what he can access violate his Sixth Amendment rights to review evidence being used against him. <br>
