Discover how legal analysis and trial evidence support substantial losses exceeding $10 billion, highlighting a key aspect of SBF's sentencing battle.
USA v. Samuel Bankman-Fried Court Filing, retrieved on March 15, 2024 is part of . You can jump to any part in this filing . This part is 15 of 33. HackerNoon’s Legal PDF Series here A. The Evidence at Trial Proved That the Loss Amounts Is at Least $10 Billion The defendant takes issue with the loss amount as calculated in the PSR. His arguments, however, are entirely meritless and fail to address the facts of this case or the governing law.
In the real world, even in March 2024, and after sustained effort by the bankruptcy estate, the company has not yet paid out any customer claims, has not yet been able to recover all the assets misappropriated by the defendant, and has not yet been able to fully liquidate the assets that it has recovered. Similarly, the defendant’s suggestion that FTX was “solvent as of the date of the bankruptcy petition” is contradicted by overwhelming evidence.
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