Disgraced FTX Founder Sam Bankman-Fried Pleads Not Guilty

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more

Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.



In a recent court appearance, Sam Bankman-Fried, the founder of FTX, asserted his innocence regarding charges of fraud and money laundering related to the downfall of his cryptocurrency enterprise last year. The entrepreneur’s arraignment took place at the Southern District of New York courthouse.

A fresh indictment has accused Bankman-Fried of misappropriating customer funds for personal acquisitions, including real estate and political donations. These allegations supplement the original charges from last December. That said, a campaign finance charge was integrated into the indictment due to legal intricacies with the Bahamas.

The recent court session also addressed the defense’s request for Bankman-Fried to have regular in-person meetings with his legal team, facilitated by internet-enabled laptops, at the U.S. Attorney’s office on weekdays. Judge Lewis Kaplan, presiding over the case, granted permission for meetings up until around 3 p.m. on that day, withholding a comprehensive decision on the broader appeal.

Sam Bankman-Fried to Be Tried in October

Scheduled for early October, Bankman-Fried’s trial preparations are underway. Both the prosecution and defense submitted proposed jury instructions on Monday. These instructions outline how the judge should clarify the charges and accusations to the jury.

As part of the ongoing legal proceedings, the prosecution requested more insight into Bankman-Fried’s “advice-of-counsel” defense strategy, urging the defense team to reveal specifics about the advice he received. The judge mandated a deadline for this information sharing by Wednesday.

The trial’s developments hold significant interest within the financial and cryptocurrency sectors. Bankman-Fried’s case highlights the growing intersection of law and technology, especially in the realm of digital finance. Market participants are closely observing the outcome of the trial, given its potential implications for the broader cryptocurrency landscape.

 

You can purchase Lucky Block here. Buy LBLOCK

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *