Former FTX main enforcement Sam Bankman-Fried, who faces fraud charges implicit the illness of the bankrupt cryptocurrency exchange, walks from the Manhattan national tribunal aft securing bail successful New York connected Dec. 22, 2022. (Jeenah Moon/Reuters)
Sam Bankman-Fried’s transgression lawsuit implicit the illness of his FTX cryptocurrency speech has been reassigned to a judge precocious known for handling defamation lawsuits against erstwhile President Donald Trump and a intersexual maltreatment suit against Britain’s Prince Andrew.
U.S. District Judge Lewis Kaplan replaces his workfellow Ronnie Abrams, who recused herself connected Friday aft learning that the instrumentality steadfast Davis Polk & Wardwell, wherever her hubby is simply a partner, advised FTX successful 2021.
Kaplan, a justice since 1994, oversees 2 civilian lawsuits by erstwhile Elle mag columnist E. Jean Carroll accusing Trump of defaming her by denying helium raped her successful a Manhattan section store dressing country 27 years ago.
Trump has sought the dismissal of some lawsuits, including a artillery claim.
Kaplan besides precocious oversaw Virginia Giuffre’s civilian suit accusing Prince Andrew of sexually abusing her erstwhile she was 17 astatine the London location of Ghislaine Maxwell, the now-convicted erstwhile subordinate of precocious enactment offender Jeffrey Epstein. Andrew settled that lawsuit successful February.
The U.S. Department of Justice accused Bankman-Fried of causing billions of dollars of losses related to FTX, erstwhile the second-largest cryptocurrency exchange, including by utilizing lawsuit funds to enactment his Alameda Research crypto trading platform.
Bankman-Fried has acknowledged risk-management failures astatine FTX, but said helium does not judge helium is criminally liable for what prosecutors called a “fraud of epic proportions.”
After being extradited to New York from the Bahamas to look the charges, the 30-year-old Bankman-Fried was released connected Thursday connected a $250 cardinal bond, and required to stay nether detention astatine his parents’ California home. He has not entered a plea.