Sam Bankman-Fried does not guilty, the trial date
Sam Bankman-Fried does not guilty, the trial date
In contrast to two of his former colleagues, Sam Bankman-Fried, co-founder of FTX, not guilty because he knowingly cheated investors.
The US district judge Lewis Kaplan determined the hearing at the beginning of October.
- SBF should have his first hearing on January 3 after his arrest on the Bahamas last month and the subsequent deportation to the United States.
- Documented documents indicated that he would not commemorate himself in relation to the criminal complaint because he had cheated on investors by led the funds they have paid into FTX for his personal purposes and the trade of Alameda.
- Some of the other charges that he faced the Federal Supreme Court in Manhattan were wire fraud and money laundering conspiracy. SBF is actually not guilty in all charges.
- Richter Lewis Kaplan determined the hearing on October 2 and said he could take four weeks. In the event of a guilty verdict, the former crypto mogul could be in prison for up to 115 years.
- The plea from SBF is completely different from that of the former CEO of Alameda - Caroline Ellison - and the former CTO of FTX - Gary Wang, since both have already guilty.
- Bankman-Fried was released for a $ 250 million bond before Christmas. He has to wear an electronic surveillance device while he lives in his parents' house.
- Despite the restrictions imposed by the court, there have been several suspicious transactions from Alameda or personal SBF crypto wallets in the past few weeks. Bankman-Fried contested some, but the US authorities are reportedly examining these transfers.
- You can find more detailed information on the collapse of Alameda and FTX in this article.
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