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Bankman-Fried's attorneys responded in a court filing on Thursday, arguing Emergent was not party to the bankruptcy, and saying he needed access to the stock to help pay his legal fees.
Bankman-Fried's insistence on his innocence is more common than many think, Paperny said - but warned others not to follow his lead unless they are committed.
Bankman-Fried's new motion argues that Fenwick & West's legal advice on the tax consequences of the loans might rebut the government's contention that the loans were improper.
But legal experts said Bankman-Fried's odds of getting the charges dismissed remain slim.
Citing Bankman-Fried's "recent attempts to contact prospective witnesses," prosecutors asked U.S. District Judge Lewis Kaplan to…
Danielle Sassoon, an assistant US attorney in Williams' office, told a hearing that the number of victims of Bankman-Fried's alleged actions could be "in excess of a million."
Furthermore, Kiyosaki drew parallels between Bankman-Fried's actions and those of Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen.
Prosecutors added those charges this year, after Bankman-Fried's December 2022 extradition from the Bahamas in the wake of FTX's collapse.
"Rather than wait for any response from the defense, the government sandbagged the process, filing this letter at 6:00pm on Friday evening," Bankman-Fried's lawyers wrote.
She is one of three former members of Bankman-Fried's inner circle who have pleaded guilty to fraud charges and agreed to cooperate with the Manhattan U.S. Attorney's office.
The largesse extended to Bankman-Fried's parents, Joe Bankman and Barbara Fried, whom he gifted $10million and bought them a $16.4mapartment in the Bahamas.