Federal judge Ronnie Abrams, who used to oversee the case against Sam Bankman-Fried, Caroline Ellison, and Gary Wang, has formally recused herself. According to an order from December 23rd, Federal judge at the United States District Court for the Southern District of New York has recused herself from the action. The order states: It has come to the Court’s attention that the law firm of Davis Polk & Wardwell LLP, at which my husband is a partner, advised FTX in 2021, as well as represented parties that may be adverse to FTX and Defendant Bankman-Fried in other proceedigs (or potential proceedings). My husband has no involvement in any of these representations. […] Nonetheless, to avoid any possible conflict, or the appearance of one, the Court hereby recuses itself from
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Federal judge Ronnie Abrams, who used to oversee the case against Sam Bankman-Fried, Caroline Ellison, and Gary Wang, has formally recused herself.
- According to an order from December 23rd, Federal judge at the United States District Court for the Southern District of New York has recused herself from the action.
- The order states:
It has come to the Court’s attention that the law firm of Davis Polk & Wardwell LLP, at which my husband is a partner, advised FTX in 2021, as well as represented parties that may be adverse to FTX and Defendant Bankman-Fried in other proceedigs (or potential proceedings). My husband has 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.
- Meanwhile, Sam Bankman-Fried was previously allowed to stay in his parents’ home and released on a $250 million bail.
- It’s important to note that he didn’t have to pay the full amount, which is used as a deterrent in case he fails to honor the conditions of his bail agreement.
- The judge who allowed the bail was Gabriel Gorenstein.