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A New York appeals court is questioning the validity of the state's civil fraud case against Donald Trump and whether the penalty of nearly half a billion dollars is excessive. The case, brought by the New York attorney general, accuses Trump of fraudulently valuing parts of his real estate empire for financial gain. The court heard arguments in Trump's appeal to overturn the judge's order to pay $489 million. [Extracted from the article]

New Jersey Senator Bob Menendez, who is facing bribery charges, is seeking to have a separate trial from his wife, Nadine Menendez, who is also charged in the same bribery scheme. Menendez argues that being tried together infringes on his marital rights and could potentially harm their defense strategies. The judge is expected to rule on the request for separate trials in the coming weeks. While separate trials are rare, Menendez's lawyers argue that he has a stronger case for severance due to legal privileges that protect the intimacy and confidences between spouses. [Extracted from the article]

Federal prosecutors have announced that they will not pursue additional criminal charges against Sam Bankman-Fried, the founder of FTX, after his conviction for fraud related to the collapse of his cryptocurrency exchange. This decision allows for Bankman-Fried's sentencing to proceed in March. The prosecutors stated that restitution for the victims of his crimes would likely be included in his sentence. Bankman-Fried's defense team has indicated that they plan to appeal the conviction. [Extracted from the article]

Photo: Justin Lane/Shutterstock Judge Gorenstein said he agreed to the bail package because he believed Mr. Bankman-Fried wasn't a flight risk and didn't pose a danger to the community. FTX founder makes first U.S. court appearance following his extradition from the Bahamas FTX founder Sam Bankman-Fried was released on a $250 million bond Thursday and ordered to stay in his parents' Palo Alto, Calif., home, after the former executive's first appearance in a New York federal court following his extradition from the Bahamas. Magistrate Judge Gabriel Gorenstein set the bail package, which requires Mr. Bankman-Fried to be under electronic monitoring and restricts his travel to parts of northern California and New York. [Extracted from the article]

"When FTT and the rest of the house of cards collapsed, Mr. Bankman-Fried, Ms. Ellison, and Mr. Wang left investors holding the bag." The Alameda Research ex-CEO and former FTX executive Gary Wang pleaded guilty for roles in fraud leading to exchange's collapse Graph: A plane carrying FTX founder Sam Bankman-Fried leaves the Bahamas as he is being extradited to the U.S. Photo: Joe Raedle/Getty Images Two associates of FTX founder Sam Bankman-Fried have pleaded guilty for their roles in fraud that contributed to the cryptocurrency exchange's collapse and are cooperating with federal investigators. [Extracted from the article]