Sam Bankman-Fried Pleads Not Guilty to Fraud and Other Offenses
Former FTX chief executive Sam Bankman-Fried, wearing tie, arrived in federal court in Manhattan Tuesday.
Photo:
ed jones/Agence France-Presse/Getty Images
FTX
founder
Sam Bankman-Fried
pleaded not guilty to fraud and other criminal charges Tuesday, as a judge set his trial to begin Oct. 2.
Mr. Bankman-Fried, 30 years old, entered his not guilty plea to all eight criminal counts he faces before U.S. District Judge
Lewis Kaplan
in federal court in Manhattan. It was his second appearance in a U.S. court following the collapse of his cryptocurrency exchange.
Prosecutors have accused him of stealing billions of dollars of customer funds from FTX and of defrauding investors and lenders to his trading firm, Alameda Research. He also evaded campaign-finance contribution limits and reporting requirements when he made millions of dollars in illegal political contributions funded by Alameda, prosecutors said.
Mr. Bankman-Fried has previously said he didn’t intend to commit fraud but has acknowledged making mistakes while running the company.
—James Fanelli contributed to this article.
Write to Corinne Ramey at [email protected]
Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Former FTX chief executive Sam Bankman-Fried, wearing tie, arrived in federal court in Manhattan Tuesday.
Photo:
ed jones/Agence France-Presse/Getty Images
FTX
founder
Sam Bankman-Fried
pleaded not guilty to fraud and other criminal charges Tuesday, as a judge set his trial to begin Oct. 2.
Mr. Bankman-Fried, 30 years old, entered his not guilty plea to all eight criminal counts he faces before U.S. District Judge
Lewis Kaplan
in federal court in Manhattan. It was his second appearance in a U.S. court following the collapse of his cryptocurrency exchange.
Prosecutors have accused him of stealing billions of dollars of customer funds from FTX and of defrauding investors and lenders to his trading firm, Alameda Research. He also evaded campaign-finance contribution limits and reporting requirements when he made millions of dollars in illegal political contributions funded by Alameda, prosecutors said.
Mr. Bankman-Fried has previously said he didn’t intend to commit fraud but has acknowledged making mistakes while running the company.
—James Fanelli contributed to this article.
Write to Corinne Ramey at [email protected]
Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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