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

Former FTX main enforcement serviceman Sam Bankman-Fried has pled not blameworthy to each charges he’s facing including ligament fraud, securities fraud, and violations of run concern laws. 

Multiple observers successful the United States District Court successful the Southern District of New York connected Jan. 3 reported that Bankman-Fried’s attorneys had entered a not blameworthy plea connected SBF’s behalf successful his archetypal tribunal quality since December. Bankman-Fried faces 8 transgression counts which could effect successful 115 years successful jailhouse should helium beryllium convicted.

Assistant U.S. Attorney Danielle Sassoon, 1 of the prosecutors successful the lawsuit against the erstwhile FTX executive, reportedly said her squad intended to supply SBF’s lawyers with documents of grounds wrong the adjacent 2 weeks. The erstwhile FTX CEO had been nether location apprehension astatine his parent’s location successful California since Dec. 22, but returned to New York for the plea hearing.

Sam Bankman-Fried has arrived successful tribunal for his arraignment. We’re told helium volition plead not blameworthy to each the charges against him. pic.twitter.com/yakSLkOus8

At the aforesaid hearing, the justice granted a petition from SBF’s ineligible squad to redact identifying information connected individuals acting arsenic sureties for his $250-million bond. Bankman-Fried’s parents person reportedly been “the people of aggravated media scrutiny, harassment, and threats” since posting his bail successful December.

This communicative is processing and volition beryllium updated.