Celsius

Notable

Donald Trump

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/new-legal-hurdles-for-ex-ftx-chief-bankman-fried">New Legal Hurdles for Ex-FTX Chief Bankman-Fried</a><br></p>
<p style="text-align: justify"> The ongoing legal saga surrounding the FTX collapse sees former CEO Sam Bankman-Fried confronting fresh challenges in court. Bankman-Fried, already found guilty on seven counts, now faces scrutiny over his new lawyer’s potential conflict of interest. The Manhattan court session today will deliberate on the issue concerning Bankman-Fried’s recent legal representation. </p> 
<h2 id="judicial-review-of-defense-counsel-s-conflict">Judicial Review of Defense Counsel’s Conflict</h2> 
<p style="text-align: justify"> Bankman-Fried, 31, selected defense attorney Marc Mukasey in January, hoping to secure a favorable outcome during his sentencing and appeals. Yet, Mukasey’s concurrent representation of Alex Mashinsky, founder of the defunct Celsius crypto firm, has sparked concerns. Mashinsky, under scrutiny for alleged financial manipulations, maintains his innocence amidst the controversy. </p> 
<p style="text-align: justify"> Prosecutors are now pointing out that Mukasey and his associate Torrey Young may have interests at odds with their client’s case. This stems from accusations that Bankman-Fried diverted FTX customer funds to settle Alameda Research’s debts with Celsius, thus creating a complex web of potential conflicts. </p> 
<p style="text-align: justify"> Despite these claims, the defense insists on Bankman-Fried’s right to retain Mukasey, provided he acknowledges the risks involved. With a sentencing date of March 28 looming, the ex-CEO might face a lengthy prison term. </p> 
<h2 id="defense-attorney-s-notable-background">Defense Attorney’s Notable Background</h2> 
<p style="text-align: justify"> Marc Mukasey’s legal pedigree includes his father’s tenure as a federal prosecutor and U.S. Attorney General. With past clientele including Donald Trump and Nikola founder Trevor Milton, Mukasey brings a wealth of experience to Bankman-Fried’s defense. As the crypto community and Wall Street observe, the upcoming rulings in March and today’s hearing resolution remain high-interest events.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/new-legal-hurdles-for-ex-ftx-chief-bankman-fried">New Legal Hurdles for Ex-FTX Chief Bankman-Fried</a></h5>

New Legal Hurdles for Ex-FTX Chief Bankman-Fried

Table of Contents

BH NEWS

Other articles published on Feb 21, 2024

Pro-Crypto Lawyer John Deaton To Challenge Elizabeth Warren In Massachusetts Senate Race

Solana Faces Investor Exodus At $100 Resistance: What’s Next For SOL?

Bitcoin’s Erratic Trends Cast Doubt on Altcoin Markets

Bored Ape Creator Yuga Labs Welcomes Back Greg Solano as CEO

Bitcoin Price Prediction: BTC Bull Michael Saylor Says No Reason “To Sell The Winner And Buy Lose...

Bitcoin Surges, Analyst Predicts Early Peak in Current Market Cycle

Join our free newsletter for daily crypto updates!