Sam Bankman-Fried is expected to plead not guilty to defrauding FTX investors, reports say

Dec 31 2022 by Business Insider

 
Bankman-Fried is scheduled to appear in court on January 3.

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Sam Bankman-Fried is likely to plead not guilty, per The Wall Street Journal and Reuters. He faces multiple criminal charges including wire fraud and conspiracy to commit money laundering. Bankman-Fried's former associate Caroline Ellison has pleaded guilty to similar charges.

Sam Bankman-Fried is likely to plead not guilty to charges that he defrauded investors and looted billions of dollars from collapsed...

Continue Reading Sam Bankman-Fried is expected to plead not guilty to defrauding FTX investors, reports say