Judge Ronnie Abrams Withdraws From Bankman-Fried Case

Key Points:

• District Judge Ronnie Abrams withdrew her participation in court proceedings against Sam Bankman-Fried
• Her husband, Greg Andres is a partner at Davis Polk & Wardwell and an FTX adviser in 2021.

Due to a probable conflict of interest, District Judge Ronnie Abrams withdrew her participation in court proceedings against FTX’s discredited former CEO and founder, Sam Bankman-Fried.

Abrams noted that her husband, Greg Andres is a partner at Davis Polk & Wardwell and an FTX adviser in 2021. Furthermore, the legal firm has represented parties that may oppose FTX and Bankman-Fried.

My husband has had no involvement in any of these representations, Nonetheless, to avoid any possible conflict, or the appearance of one, the Court hereby recuses itself from this action.

Abrams wrote

US authorities released eight criminal charges against Sam Bankman-Fried on December 13 as Coincu reported.

In particular, Bankman-Fried is charged with conspiracy to commit wire fraud on customers, conspiracy to commit wire fraud on lenders, conspiracy to commit commodities fraud, conspiracy to commit securities fraud, conspiracy to commit money laundering, and conspiracy to defraud the United States, and violate campaign finance laws.

Additionally, Bankman-Fried conspired with others to defraud FTX.com customers by misappropriating their deposits and using them to finance the bills and obligations of Alameda Research, a cryptocurrency trading firm he founded.

Coincu will continue to update the situation related to Sam Bankman-Fried, you can find out more information through this article.

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