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Sam Bankman-Fried pleads not guilty in FTX fraud case – National
Global News

Sam Bankman-Fried pleads not guilty in FTX fraud case – National

Sam Bankman-Fried pleaded not guilty on Tuesday to criminal charges that he cheated investors in his now-bankrupt FTX cryptocurrency exchange. Bankman-Fried is accused of looting billions of dollars in FTX customer deposits to support his Alameda Research hedge fund, buy real estate and make millions of dollars in political contributions, in what prosecutors have called a fraud of epic proportions.The 30-year-old defendant entered his plea through his lawyer to eight criminal counts, including wire fraud and conspiracy to commit money laundering, before U.S. District Judge Lewis Kaplan in Manhattan federal court. Read more: FTX founder Bankman-Fried’s trial assigned to judge in Trump, Prince Andrew case Read More ...