SBF upset by criminal trial’s late evidence while FTX seeks sale of AI stock

Previous FTX CEO Sam Bankman-Fried claims district attorneys have actually missed out on discovery due dates for essential pieces of proof required in the defense of a raft of scams charges.On June 5, Bankman-Frieds legal representatives told United States District Judge Lewis A. Kaplan in a letter that the federal government had actually not turned over all of the contents of five electronic gadgets that were due for discovery by the end of March.A laptop computer and iPhone belonging to previous Alameda Research CEO Caroline Ellison and a laptop computer coming from FTX co-founder Gary Wang were amongst the devices.According to the letter from Bankman-Frieds attorneys:”As the trial date is now less than 4 months away, the defense is concerned that the late production of such abundant and important discovery will affect the preparation of the defense.”Bankman-Fried is due to face court on Oct. 2 on a list of fraud charges, claims of prohibited political donations, and kickbacks to the Chinese government. He does not desire to adjourn the trial date and additional motions may be filed “if the newly produced discovery offers grounds for brand-new movements,” according to the letter.Excerpt from the letter from Bankman-Frieds lawyers. Source: CourtListenerThe letter went on to state that the federal government has also failed to produce info associated to FTX debtors. “These late productions have a cumulative result on the defenses capability to appropriately get ready for trial,” it said, prior to exposing just how much is missing out on:”The five productions so far are large, totaling over 3.6 million documents and over 10 million pages.”The very first 4 productions included around 1.1 million documents and the last one, gotten by the defense on May 25, consists of just fewer than 2.5 million documents “which more than triples the documents in the existing discovery.”Related: FTX leadership sues Sam Bankman-Fried over $220M offer made prior to bankruptcyMeanwhile, FTX bankers charged with bailing out the embattled business are reportedly looking towards cashing out shares in a company thats part of the currently hyped expert system sector.On June 6, Semafor reported that Perella Weinberg, the financial investment banking firm on retainer to the bankrupt exchange, has been “teasing the sale of hundreds of countless dollars of shares” in AI startup Anthropic to prospective investors.According to FTX balance sheets at the time of its bankruptcy in November 2022, the business held $500 million worth of Anthropic stock which is estimated to be worth much more now the AI boom is in full swing.Anthropic raised $450 million in its latest Series C funding round on May 23, with a reported evaluation of $4.6 billion.Magazine: Crypto policy: Does SEC Chair Gary Gensler have the last word?