1 year ago
Sam Bankman-Fried, the erstwhile CEO and laminitis of now-defunct crypto speech FTX, has reportedly pleaded not blameworthy to fraud and wealth laundering charges successful a tribunal proceeding connected Aug. 22.
Sam Bankman Fried, the erstwhile CEO and co-founder of FTX crypto exchange, has pleaded not blameworthy to fraud and wealth laundering charges levied successful an updated indictment by prosecutors, according to a report.
Bankman Fried appeared successful the Southern District of New York courthouse connected Aug. 22 facing accusations of misusing lawsuit funds for idiosyncratic usage arsenic good arsenic for governmental donations. The charges of fraud and wealth laundering are from December, however, prosecutors added further charges of campaig concern earlier this month.
The latest proceedings successful the FTX suit travel aft Bankman Fried's bail was revoked and the FTX laminitis near the New York courtroom successful handcuffs.
This is simply a processing story, and further accusation volition beryllium added arsenic it becomes available.
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