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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source:https:\/\/techcrunch.com\/2023\/01\/03\/ftx-former-ceo-sbf-pleads-not-guilty-to-u-s-criminal-charges\/<\/a><\/br> FTX founder and former CEO Sam Bankman-Fried plead not guilty to all eight counts of U.S. criminal charges on Tuesday.<\/p>\n Bankman-Fried appeared before a judge in the U.S. District Court in New York City on Tuesday with his lawyers, Mark Cohen and Christian Everdell. Criminal charges against the 30-year-old former billionaire include wire fraud, conspiracy to commit money laundering and conspiracy to misuse customer funds, among others. The former FTX CEO is also facing suits by the SEC and CFTC<\/a> over similar charges.<\/p>\n Prior to the announcement, Bankman-Fried was expected to plead not guilty. This decision could turn into a lengthy legal battle, and he could face up to 115 years in jail if convicted on all charges. His trial date has been set for October 2, 2023.<\/p>\n In late December, FTX co-founder and former CTO Gary Wang and Alameda Research CEO Caroline Ellison both plead guilty<\/a> to federal criminal charges in relation to the FTX collapse. The two are also facing civil penalties from the SEC and CFTC alongside the criminal charges. Wang and Ellison plan to cooperate with prosecutors and will be major witnesses given their close ties to both Bankman-Fried and FTX and its affiliated crypto hedge fund Alameda.<\/p>\n Last month, a U.S. judge released Bankman-Fried on a $250 million bail bond after he was extradited to America from the Bahamas. The bail package allowed Bankman-Fried to remain under house arrest at his parents\u2019 home in Palo Alto, California.<\/p>\n Bankman-Fried\u2019s lawyers also filed a letter to the Manhattan federal court on Tuesday seeking redactions of the names of two individuals who intend to help secure his multimillion dollar bail in attempts to protect them from public attention.<\/p>\n The lawyers argued there\u2019s no need for public disclosure after his parents \u201chave in recent weeks become the target of intense media scrutiny, harassment, and threats. Among other things, Mr. Bankman-Fried\u2019s parents have received a steady stream of threatening correspondence, including communications expressing a desire that they suffer physical harm.\u201d<\/p>\n SBF\u2019s representation argued there is, accordingly, \u201cserious cause for concern\u201d for additional retaliation for others involved in the bond.<\/p>\n
\nFormer FTX CEO SBF pleads not guilty to US criminal charges<\/br>
\n2023-01-20 21:49:55<\/br><\/p>\n