Bankman-Fried to enter plea next week in FTX case

Dec 29 2022 by POLITICO - TOP Stories

 

FTX founder Sam Bankman Fried is scheduled to be arraigned and enter a plea in federal court in Manhattan next Tuesday on criminal charges alleging wire fraud, money laundering and campaign finance violations, according to court documents filed on Wednesday.

The 30-year-old is accused of stealing billions of dollars in customer and investor funds through his Bahamas-based crypto exchange, FTX, as well his hedge fund Alameda Research.

Bankman-Fried was extradited from the Bahamas...

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