FTX founder Sam Bankman-Fried pleads not guilty to fraud in federal court

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FTX founder Sam Bankman-Fried pleads not guilty to fraud in federal court
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Bankman-Fried's attorney, Mark Cohen, announced his client's plea, saying: 'He pleads not guilty to all counts.'

Cryptocurrency entrepreneur Sam Bankman-Fried, second from right, arrives for an appearance at Manhattan federal court Tuesday, Jan. 3, 2023, in New York.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.

Afterward, Judge Lewis A. Kaplan set a tentative trial date of Oct. 2, saying he might move it forward or backward a day or two. Prior to his appearance, his lawyers sent a letter to the judge, saying Bankman-Fried's parents in recent weeks have become the target of "intense media scrutiny, harassment, and threats, including communications expressing a desire that they suffer physical harm."

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