Disgraced FTX founder Sam Bankman-Fried pleads not guilty to federal fraud charges
In addition to a civil suit from the Securities and Exchange Commission, SBFfrom the Justice Department. Prosecutors have accused Bankman-Fried of leading a multiyear scheme to defraud investors and customers of FTX. SBF faces a total of eight criminal charges, including multiple counts of wire fraud.
He is also accused of attempting to commit commodities fraud, as well as breaking federal election laws by donating more than is legally allowed., Bankman-Fried did not speak during the hearing. One of SBF's lawyers entered a not-guilty plea on his client's behalf. The trial is tentatively scheduled to start on October 2nd.You can disable notifications at any time in your settings menu.
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