U.s. prosecutors have asked that the civil fraud cases brought by the securities exchange commission and the commodity futures trading commission against ftx founder sam bankman-fried be postponed until after the criminal case against him has concluded, as per a Tuesday file.
In their league tables, prosecutors said the stay will save time and resources because the outcome of the criminal case “is likely to have a significant impact on what issues are ultimately in dispute in the Civil Cases.”
In their filing, prosecutors said that Bankman-Fried has consented to the issuance of a stay in the civil cases, as have counsel for fellow FTX and Alameda executives Gary Wang and Caroline Ellison, and counsel for the bankrupt estates of FTX.com and Alameda. SEC and CFTC did not rule on the deferral request.
Bankman-Fried pleaded not guilty to charges of fraud for which he is accused.