A federal judge has denied a request by FTX co-founder Sam Bankman-Fried to obtain documents from his former law firm, Fenwick & West LLP. Bankman-Fried had hoped to use the documents to prove his innocence in a fraud case against him.
Bankman-Fried is accused of using billions of dollars in FTX customer funds for risky investments, personal expenses, and political donations. He has denied the charges, and his lawyers have argued that he relied on the advice of Fenwick & West when taking the actions for which he is being prosecuted.
However, US District Judge Lewis Kaplan ruled that the request for documents was an overbroad “fishing expedition.” He said that the documents Bankman-Fried was seeking were not specifically relevant to the charges against him and that the subpoena would have required Fenwick & West to produce a large volume of documents.
The ruling is a setback for Bankman-Fried, but his lawyers say they are still confident in his case. They have said that they will continue to gather evidence and prepare for trial.