Sam Bankman-Fried trial begins today

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Sam Bankman-Fried trial begins today

Today marks the beginning of Sam Bankman-Fried's criminal trial-and it's all happening at New York's Southern District Courthouse on Pearl Street, where my colleague Ben Weiss will be spending the day.

Opening arguments won't start until tomorrow, but today a crew of New Yorkers will consist of the jury and ultimately decide the fate of the startup industry's now-disgraced crypto founder, Bankman-Fried.

The trial is expected to be completed in the next six weeks or so, with trial dates scheduled until at least Nov. 9, according to the case calendar attached to the docket last week. Lewis A. Kaplan, a federal judge, was appointed in 1994 to the federal district court and now presided over the civil case between author E. Jean Carroll and former President Donald Trump.

Bankman-Fried is facing seven charges of fraud and money laundering related to his FTX crypto exchange empire, which was backed by Sequoia Capital, Insight Partners, and SoftBank, and was valued at a whopping $40 billion across both its U.S. and international operations. Bankman-Fried has pleaded not guilty to all charges.

As we wait for the trail to begin, my colleague Weiss has the details on the key players we can expect to see throughout the course of the trial, including Bankman-Fried's attorneys, Mark Cohen and Christian Everdell, who are both former federal prosecutors and have represented the likes of Jeffrey Epstein associate Ghislaine Maxwell. Bankman-Fried's close colleagues, who accept plea deals and are working with the government, will likely testify in coming weeks.

In other SBF news, Michael Lewis' new book on Bankman-Fried and the FTX empire hits bookshelves today. An excerpt of the book, Goig Infinite, was published yesterday in the Washington Post. I'm on my way to grab a copy and give it a review at some point in the near future.

twitter: @jessicakmathews

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Farther, a New York City-based wealth management firm, has raised $31 million in Series B funding. Lightspeed Venture Partners led the round, along with Bessemer Venture Partners, Cota Capital, Khosla Ventures, MassMutual Ventures, and Moneta Venture Capital.

Unitary, a London, UK-based company that analyzes and interprets videos to detect harmful content, has raised $15 million in Series A funding. Creandum led the group and was joined by Paladin Capital Group and Plural.

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Muir AI, a Seattle-based firm that uses AI to monitor emissions data and provide sustainability insights for businesses, has raised $3.25 million in seed funding. Madrona Venture Labs, Soma Capital, and others were involved in the round, which was led by Base10 Partners.

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Prime AE, backed by NewHold, acquired Jacobi, Toombs, and Lanz, a New Albany, Ind.-based firm that provides engineering, survey, and construction services to clients in transportation, water resources, and infrastructure surveying fields. The financial terms were not disclosed.

RedBird IMI has acquired a minority stake in Front Office Sports, a New York City-based sports news and media platform. The financial terms of the transaction were not disclosed.

Advent International and Warburg Pincus have acquired BioPharma Solutions, a Bloomington, Ind. The pharmaceutical company, Halle/Westfalen, Germany, said in a statement it acquired Baxter International from Halle/Westfalen, Germany, for $4.25 billion in cash.

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Discount Tire has acquired Dunn Tire, a automotive maintenance company in Buffalo, N.Y., and car parts provider. Financial terms were not disclosed.

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