{"id":549030,"date":"2023-02-07T23:15:00","date_gmt":"2023-02-07T20:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/us-attorney-requests-sec-and-cftc-civil-cases-against-sbf-wait-until-after-criminal-trial\/"},"modified":"2023-02-07T23:15:00","modified_gmt":"2023-02-07T20:15:00","slug":"us-attorney-requests-sec-and-cftc-civil-cases-against-sbf-wait-until-after-criminal-trial","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/us-attorney-requests-sec-and-cftc-civil-cases-against-sbf-wait-until-after-criminal-trial\/","title":{"rendered":"# US Attorney requests SEC and CFTC civil cases against SBF wait until after criminal trial"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a25995cb87d1\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a25995cb87d1\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/us-attorney-requests-sec-and-cftc-civil-cases-against-sbf-wait-until-after-criminal-trial\/#%E2%80%9D_US_Attorney_requests_SEC_and_CFTC_civil_cases_against_SBF_wait_until_after_criminal_trial_%E2%80%9C\" >&#8221; US Attorney requests SEC and CFTC civil cases against SBF wait until after criminal trial &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_US_Attorney_requests_SEC_and_CFTC_civil_cases_against_SBF_wait_until_after_criminal_trial_%E2%80%9C\"><\/span>&#8221; US Attorney requests SEC and CFTC civil cases against SBF wait until after criminal trial &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDIvOWU1NWQ3YmUtMjU3MC00N2EwLTljNTUtN2FmODBiODBkYmVlLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-4bbf85c5>Damian Williams, United States Attorney for the Southern District of New York, has petitioned the court to delay civil proceedings against former FTX chief executive officer Sam Bankman-Fried \u201cuntil the conclusion of the parallel criminal case\u201d.<\/p>\n<p>In Feb. 7 filings, Williams requested that the court issue an order staying civil proceedings as well as discovery from the U.S. Securities and Exchange Commission and Commodity Futures Trading Commission against Bankman-Fried until after his criminal case, scheduled to go to trial in October. According to Williams, the criminal case against Bankman-Fried was \u201clikely to have a significant impact\u201d on the SEC and CFTC civil cases.<\/p>\n<p>\u201cAll of the facts at issue in the Civil Cases are also at issue in the Criminal Case,\u201d said the filing. \u201cIndeed, as to the scheme to defraud FTX.com customers, the scheme to defraud FTX.com investors, the conspiracy to commit securities fraud by materially misleading FTX.com investors, and the conspiracy to commit commodities fraud by mis<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ropriating FTX.com customer funds intended to be used for swaps trading, virtually all of the same documents, witnesses, and other evidence that would be used by the SEC and CFTC to prove their claims arising from these schemes would also be used to prove the Government\u2019s criminal case.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">U.S. prosecutors ask to postpone SEC, CFTC cases against Bankman-Fried <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/wxU2nOPxps\">https:\/\/t.co\/wxU2nOPxps<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/4RiSODbuZo\">pic.twitter.com\/4RiSODbuZo<\/a><\/p>\n<p>\u2014 Reuters (@Reuters) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Reuters\/status\/1623026558347710474?ref_src=twsrc%5Etfw\">February 7, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Regarding staying discovery proceedings, the U.S. Attorney claimed without intervention, Bankman-Fried had the tools to \u201cimproperly obtain impeachment material regarding the Government\u2019s witnesses, circumvent the criminal discovery rules, and improperly tailor his defense in the Criminal Case\u201d. The judge overseeing SBF\u2019s criminal case has already banned the former FTX CEO from using encrypted messaging apps as a condition of his bail after allegations of contacting witnesses potentially involved in the case.<\/p>\n<p>Lawyers for Bankman-Fried said he did not object to staying the SEC and CFTC civil cases until the conclusion of the criminal case. The legal teams for former Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang consented to staying the CFTC case \u2014 the two have already settled their civil cases with the SEC. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>FTX fallout: SBF trial could set precedent for the crypto industry<\/em><\/strong><\/p>\n<p>Both the SEC and CFTC filed separate lawsuits against Bankman-Fried in December shortly after his arrest in the Bahamas. The SEC\u2019s complaint sought injunctions which could prevent SBF from participating in the issuance, purchase, offer or sale of any securities except for his personal account, while the CFTC said it was looking for injunctive and other equitable relief as well as civil monetary penalties against the former CEO, FTX, and Alameda.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/us-attorney-requests-sec-and-cftc-civil-cases-against-sbf-wait-until-after-criminal-trial\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; US Attorney requests SEC and CFTC civil cases against SBF wait until after criminal trial &#8220; Damian Williams, United States Attorney for the Southern District of New York, has petitioned the court to delay civil proceedings against former FTX chief executive officer Sam Bankman-Fried \u201cuntil the conclusion of the parallel criminal case\u201d. In Feb&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":549031,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/9e55d7be-2570-47a0-9c55-7af80b80dbee.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75422,89897,74898,55229,70934],"class_list":["post-549030","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cftc","tag-sam-bankman-fried","tag-sec","tag-law","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/549030","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=549030"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/549030\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/549031"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=549030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=549030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=549030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}