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

Former FTX chief government officer Sam Bankman-Fried has pled not guilty to all fees he’s going through together with wire fraud, securities fraud, and violations of marketing campaign finance legal guidelines. 

Multiple observers in the United States District Court in the Southern District of New York on Jan. 3 reported that Bankman-Fried’s attorneys had entered a not guilty plea on SBF’s behalf in his first court look since December. Bankman-Fried faces eight prison counts which might consequence in 115 years in jail ought to he be convicted.

Assistant U.S. Attorney Danielle Sassoon, one of many prosecutors in the case in opposition to the previous FTX government, reportedly mentioned her group supposed to offer SBF’s attorneys with paperwork of proof throughout the subsequent two weeks. The former FTX CEO had been below home arrest at his dad or mum’s dwelling in California since Dec. 22, however returned to New York for the plea listening to.

At the identical listening to, the decide granted a request from SBF’s authorized group to redact figuring out data on people performing as sureties for his $250-million bond. Bankman-Fried’s mother and father have reportedly been “the goal of intense media scrutiny, harassment, and threats” since posting his bail in December.

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