Sam Bankman-Fried, the former CEO of bankrupt crypto exchange FTX, has pleaded not guilty to all fraud and money laundering charges before U.S. District Judge Lewis Kaplan in federal court in Manhattan.
Bankman-Fried Pleads Not Guilty
On Tuesday, January 3rd, in his second court appearance since the collapse of his cryptocurrency exchange, Sam Bankman-Fried entered his not-guilty plea to all eight criminal counts filed against him.
Prosecutors have accused SBF of conspiring to commit wire and securities fraud, individual charges of wire and securities fraud, defrauding customers, money laundering, and conspiracy to avoid campaign finance regulations.
If found guilty by the federal court in Manhattan, Bankman-Fried could spend up to 115 years behind bars due to the combined maximum sentence of the eight counts filed against him.
Bankman-Fried Seeks to Conceal Guarantors
U.S. prosecutors indicted SBF in early December, which led to his arrest in the Bahamas and
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