• Sam Bankman-Fried’s legal team is challenging a subpoena that was delivered to his mother and not him.
• The subpoena requires Bankman-Fried to produce documents related to the Voyager Digital case.
• His lawyers argue the summons is procedurally deficient and would violate his Fifth Amendment rights.
Sam Bankman-Fried’s Legal Team Challenges Subpoena
Sam Bankman-Fried’s legal counsel is opposing a subpoena requiring the former FTX boss to participate in a remote deposition. They have requested a federal judge to block the summon in question as it was deposited with Bankman-Fried’s mother, Barbara Fried, instead of being personally delivered to Sam himself.
The subpoena, defined under Rule 45 subpoena, commands Bankman-Fried to produce designated documents for inspection and copying concerning the case. Lawyers for Voyager’s creditors are investigating FTX’s attempt to bail out the crypto lender when it went bankrupt in July 2022.
Procedural Issues & Fifth Amendment Rights
Bankman-Fried’s lawyers are arguing that the subpoena is “procedurally deficient” due to caselaw which holds that Rule 45 subpoenas must be personally delivered to named individuals and not left with someone else. Additionally, they claim compliance with the summon would potentially violate Bankman-Fried’s Fifth Amendment rights as it requires him only one business day to produce 49 separate documents and a four day notice for appearance – undue burden according to them.
Multiple Lawsuits Involving Bankman-Fried
Bankman-Fried, once a crypto market icon, is involved in multiple lawsuits and this particular case involving FTX will likely garner much attention making this just one of many dramatic developments affecting him. Voyager’s lawyers have recently served subpoenas on other individuals related as well including former FTX CEO Alameda CEO Caroline Ellison, FTX cofounder Gary Wang, and FTX’s head of product Ramnic Arora requesting additional information regarding this matter.
In conclusion, Sam Bankman-Friend’s legal team has filed an objection against a summon issued by Voyager’s creditors claiming it violates his procedural rights as well as Fifth Amendment rights if complied with due its requirements being an undue burden on him.. He faces many other cases involving multiple parties thus making this just one of many incidents affecting him at present time