The US prosecutors are preparing to attack the former FTX boss Sam Bankman-Fried (SBF) again. They have built up a case against him.
Reportedly, the prosecutors have gotten hold of important evidence, including pages of emails in millions and code snippets.
Also, other digital records were reported recently to the NY Times.
For instance, there is major evidence called Caroline Edison’s personal diary.
Caroline Edison is the former CEO of Alameda Research and Bankman-Fried former girlfriend.
Alameda Research was the trading hub closely connected to FTX.
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If shared, some of the details of the diary may likely disclose the “personal side” of SBF’s relationship with Edison.
Meanwhile, by October 2023, the trial between the US prosecutors and the former FTX box SBF will commence.
The proceedings will disclose how effective their efforts were.
In addition, it will punish Bankman-Fried, who is facing 13 criminal counts, including wire fraud.
The Evidence Uncovered
The US prosecutors gathered over 6 million emails of evidence and vital code snippets from many sources.
These include sources like; Google accounts, laptops, and phones.
All this evidence was connected to Bankman-Fried, reaching 2.5 million pages.
So far, this evidence seems to be the largest in any other white-collar securities fraud cases.
The evidence will likely pose a severe issue for Sam Bankman-Fried legal team.
The investigation process and evidence trove signify this case is important to the financial and cryptocurrency sectors.
Sam Bankman-Fried was charged with misappropriating dollars in billions that belonged to customers when he was running FTX.
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Furthermore, he is accused of violating finance laws linked with campaign activities and defrauding investors.
It was revealed that Bankman-Fried was the 6th largest donor to the Democratic Party.
That notwithstanding, the stash of evidence gathered by the prosecutors is quite considerable.
Besides, many speculations exist about whether the defense team and the prosecution can combat it.
In the case of the prosecutors, they will need to filter the evidence effectively.
They will have to sort out all the information they got and prepare it for an airtight case, using vital details uncovered.
Apart from data sorting, the team must also analyze all the evidence while building a solid argument against the former CEO.
