Sam Bankman-Fried Asks Justice Department to Deny Compensation Claims

Sam Bankman-Fried has requested the United States Department of Justice (DOJ) to reject the compensation claims through a statement submitted to the court.

Sam Bankman-Fried, through a statement submitted to the court, requested the United States Department of Justice (DOJ) to reject the compensation claims. Additionally, a memorandum written by SBF’s attorney, Mark Cohen, claims that the DOJ’s demands are quite “baseless and overly broad.”

Most of the Government’s Demands Contain Insignificant Issues

According to Bankman-Fried’s defense, many of the demands presented by the government contain insignificant issues that cannot be addressed at this stage. Furthermore, these demands are alleged to be an effort to accept irrelevant and biased evidence related to non-accusatory or non-accused behavior, weaken potential defense, and accept overly extensive categories and inappropriate evidence.

The Department of Justice had previously filed a motion to prohibit all expert witnesses of SBF from testifying in court. However, the department continued to argue that the proposed experts should not testify in court due to their deficiencies.

Tension Persists Between Bankman-Fried’s Attorneys and the Judge

Additionally, there continues to be tension regarding the postponement of the hearing between Bankman-Fried’s attorneys and Judge Lewis Kaplan. For more details on the news, you can read our article below.

In summary, Sam Bankman-Fried, the founder of FTX, has submitted a statement to the court rejecting the demands of the DOJ and asserting that these demands are baseless and overly broad. The Department of Justice, on the other hand, has argued for the prohibition of expert testimonies in court.

Source: Cointelegraph

Previous Article's Suspicious Fund Withdrawal Raises Alarm Among Investors

Next Article

What is Dividend? Passive Income in the Crypto Environment

Related Posts