FTX founder Sam Bankman-Fried pleaded not guilty in Manhattan federal court Tuesday to charges that he cheated investors and looted customer deposits on his cryptocurrency trading platform as a judge set a tentative trial date for October.
NEW YORK — of customer money from FTX to make lavish real estate purchases, donate money to politicians and make risky trades at Alameda Research, his cryptocurrency hedge fund trading firm.
Wearing a backpack, Bankman-Fried marched through a crush of cameras as he entered the courthouse on a rainy day to make his first appearance before Kaplan. In the courtroom, Bankman-Fried appeared relaxed through most of the half-hour-long proceeding, occasionally speaking to a lawyer next to him. When he left court, he did not speak to reporters outside.
He did so after Assistant U.S. Attorney Danielle Sassoon said Bankman-Fried had worked with foreign regulators to transfer FTX assets to them after FTX declared bankruptcy and he knew U.S. bankruptcy authorities were also interested in those assets. Sassoon, noting FTX was the second largest cryptocurrency exchange, also told the judge that the government hoped to create a website for victims of the fraud, rather than notify them individually since they might number over one million.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTX founder Sam Bankman-Fried to plead not guilty at scheduled New York City arraignment: reportsSam Bankman-Fried, at his arraignment in U.S. District Court in Manhattan Tuesday, will likely plead not guilty to fraud, money laundering and other charges over FTX's collapse.
Read more »
FTX founder Sam Bankman-Fried set to plead not guilty to fraud charges, report saysLegal experts expect a prolonged court battle in Sam Bankman-Fried's case, during which prosecutors will have to prove he intentionally swindled FTX customers out of their crypto assets.
Read more »
FTX crypto CEO Sam Bankman-Fried expected to plead not guilty in Manhattan federal court TuesdayDisgraced crypto executive Sam Bankman-Fried is likely to plead not guilty to an eight-count fraud and conspiracy indictment when he appears in Manhattan federal court Tuesday, a person familiar with the matter told ABC News.
Read more »
FTX founder Sam Bankman-Fried to appear in court Tuesday | CNN BusinessSam Bankman-Fried, the disgraced founder of bankrupt crypto exchange FTX, is set to appear in person in a Manhattan federal court on Tuesday to face charges that include cheating investors out of billions of dollars.
Read more »
FTX founder Sam Bankman-Fried faces arraignment in New YorkFTX founder Sam Bankman-Fried is returning to a Manhattan federal court to face charges of cheating investors and looting customer deposits on his cryptocurrency trading platform.
Read more »
FTX Founder Sam Bankman-Fried Faces Arraignment in New YorkFTX founder Sam Bankman-Fried will be arraigned in a Manhattan federal court Tuesday on charges that he cheated investors and looted customer deposits on his cryptocurrency trading platform.
Read more »