FTX founder Bankman-Fried’s trial assigned to judge in Trump, Prince Andrew case – National | 24CA News
Sam Bankman-Fried‘s criminal case over the collapse of his FTX cryptocurrency exchange has been reassigned to a judge recently known for handling defamation lawsuits against former U.S. President Donald Trump and a sexual abuse lawsuit against Britain’s Prince Andrew.
U.S. District Judge Lewis Kaplan replaces his colleague Ronnie Abrams, who recused herself on Friday after studying that the regulation agency Davis Polk & Wardwell, the place her husband is a companion, suggested FTX in 2021.
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FTX founder Sam Bankman-Fried may be launched on US$250M bond forward of trial: decide
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Known for his no-nonsense demeanor within the courtroom, Kaplan, a decide since 1994, oversees two civil lawsuits by former Elle journal columnist E. Jean Carroll accusing Trump of defaming her by denying he raped her in a Manhattan division retailer dressing room 27 years in the past.
Trump has sought the dismissal of each lawsuits, together with a battery declare.
Kaplan additionally not too long ago oversaw Virginia Giuffre’s civil lawsuit accusing Prince Andrew of sexually abusing her when she was 17 on the London house of Ghislaine Maxwell, the now-convicted former affiliate of late intercourse offender Jeffrey Epstein. Andrew settled that case in February.
The U.S. Department of Justice accused Bankman-Fried of inflicting billions of {dollars} of losses associated to FTX, as soon as the second-largest cryptocurrency change, together with through the use of buyer funds to assist his Alameda Research crypto buying and selling platform.
Bankman-Fried has acknowledged risk-management failures at FTX, however stated he doesn’t imagine he’s criminally accountable for what prosecutors referred to as a “fraud of epic proportions.”
After being extradited to New York from the Bahamas to face the costs, the 30-year-old Bankman-Fried was launched on Thursday on a $250 million bond, and required to stay beneath detention at his mother and father’ California house. He has not entered a plea.
(Reporting by Tom Hals in Wilmington, Delaware and Jonathan Stempel in New York; Editing by Chizu Nomiyama and David Gregorio)
