SBF wants to separate new charges from trial due to potential lengthy proceedings.

Attorneys representing Sam Bankman-Fried, the former CEO of FTX, are requesting that six charges be severed or dismissed from his upcoming trial. They argue that it could take several years for the Bahamas courts to rule on whether Bankman-Fried can be tried for these charges. Prosecutors admitted on May 29 that they require permission from the Bahamas to try Bankman-Fried for five of the charges, as they were not included in the original agreement for his extradition to the United States. However, prosecutors have stated that they are seeking permission from the Bahamian government to try him for these additional offenses. In response, Bankman-Fried’s lawyers have requested that the Bahamas Supreme Court block the government from granting this permission without following the law. The Bahamian court has told a minister not to issue a judgment on the issue while it considers the matter. The defense argues that even if permission were granted, the defendant would have the right to appeal through the Bahamas courts, which would likely take several months or years. The defense suggests that if the charges cannot be dismissed, they should be severed from the upcoming trial. Bankman-Fried was charged in December in relation to his management of FTX, with prosecutors alleging that he misled investors and commingled customer funds. Bankman-Fried denies any fraudulent activity and claims that the exchange’s collapse was due to ordinary management mistakes.

We will continue to update Phone&Auto; if you have any questions or suggestions, please contact us!