This Founder of the FTX cryptocurrency platformSam Bankman-Fried pleaded in a New York courtroom on Tuesday not guilty of more than one crime attributed to him by United States officials after your company’s bankruptcywhich is worth $32,000 million according to local media.
The young businessman (known by the initials SBF) appeared in person before the judge amid a wide media presence. Eight charges were brought against him by the Attorney General for the Southern District of New York, including telegram fraud, money laundering, and violations of political campaign finance laws..
SBF was extradited to New York from the company’s headquarters and residence in the Bahamas last month, but has been in custody since December 22 at his family’s home in Palo Alto (California, USA) after accepting bail at the highest level of bail. Bonds in US history are $250 million.
The alleged fraudster, who will face up to 115 years in prison if convicted of all crimes in this case, is scheduled to be brought to court. The trial will begin on Oct.as ordered by the judge.
Wearing a tie-less suit, the 30-year-old SBF arrived with his mother, lawyers, and multiple bodyguards. Showing videos posted on Twitter, raising their elbows among the photographers gathered around the court.
The defendant’s defense, out of high expectation, had requested the Judge not to disclose the names of the two guarantors – other than his parents – who had met his grand bail in order to avoid “intrusions into his private life, as well as threats and harassment”. The judge agreed.
Prior to the trial, prosecutor Damian Williams announced that his office had created a special task force that would be dedicated to dealing with “issues related to the fall of FTX,” including the recovery of victims’ defrauded assets, according to New York. Postal newspaper.
FTX filed for bankruptcy on Nov. After many users rushed to withdraw their money amid reports questioning the company’s solvency and its debacle wreaked havoc in the industry.
Carolyn Ellison, CEO of Alameda Research, the investment arm of FTX, also founded by the defendant, and Gary Wang, co-founder of FTX, previously pleaded guilty. downfall of the company.
SBF is also facing fraud charges by US stock and derivatives regulators.