Southern District Of New York news and trends

Sam Bankman-Fried Released on $250M Bond and Electronically Monitored 
Cryptocurrency // December 22, 2022

Sam Bankman-Fried has been released on a $250 million bond.  During his first court appearance in the United States on Thursday (Dec. 22), the FTX founder and former CEO was also ordered to live at his parents’ home in California, be electronically monitored and restrict...

NY Man Admits Guilt in $2M Crypto Mining Fraud
Cryptocurrency // November 29, 2022

A man has pleaded guilty to defrauding customers who bought cryptocurrency-mining products and services.  Chester J. “Chet” Stojanovich pleaded guilty Tuesday (Nov. 29) to wire fraud after telling customers he would provide them with crypto-mining computers (“Miners”) and Miner hosting services, but instead keeping the...

Quick Reads
Judge to Decide on Gag Order for FTX’s Bankman-Fried

July 24, 2023
Sam Bankman-Fried has reportedly agreed to a gag order banning him from discussing his case in public. The order, which still needs to be approved by U.S. District Judge Lewis A. Kaplan, was proposed Monday (July 24) in light of accusations by federal prosecutors that Bankman-Fried, the former CEO of now-bankrupt crypto exchange FTX, was […]

Sam Bankman-Fried Released on $250M Bond and Electronically Monitored 

December 22, 2022
Sam Bankman-Fried has been released on a $250 million bond.  During his first court appearance in the United States on Thursday (Dec. 22), the FTX founder and former CEO was...

NY Man Admits Guilt in $2M Crypto Mining Fraud

November 29, 2022
A man has pleaded guilty to defrauding customers who bought cryptocurrency-mining products and services.  Chester J. “Chet” Stojanovich pleaded guilty Tuesday (Nov. 29) to wire fraud after telling customers he...