Sam Bankman-Fried enters not responsible plea for all counts in federal court docket

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Former FTX chief govt officer Sam Bankman-Fried has pled not responsible to all prices he’s going through together with wire fraud, securities fraud, and violations of marketing campaign finance legal guidelines.

A number of observers in the US District Courtroom within the Southern District of New York on Jan. 3 reported that Bankman-Fried’s attorneys had entered a not responsible plea on SBF’s behalf in his first court docket look since December. Bankman-Fried faces eight felony counts which might lead to 115 years in jail ought to he be convicted.

Assistant U.S. Lawyer Danielle Sassoon, one of many prosecutors within the case in opposition to the previous FTX govt, reportedly stated her staff meant to offer SBF’s legal professionals with paperwork of proof throughout the subsequent two weeks. The previous FTX CEO had been beneath home arrest at his mother or father’s residence in California since Dec. 22, however returned to New York for the plea listening to.

Sam Bankman-Fried has arrived in court docket for his arraignment. We’re informed he’ll plead not responsible to all the costs in opposition to him.

— Connell McShane (@connellmcshane) January 3, 2023

On the identical listening to, the decide granted a request from SBF’s authorized staff to redact figuring out data on people performing as sureties for his $250-million bond. Bankman-Fried’s dad and mom have reportedly been “the goal of intense media scrutiny, harassment, and threats” since posting his bail in December.

This story is creating and will probably be up to date.


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