Sam Bankman-Fried to plead not guilty to fraud at January 3 hearing | Business

Disgraced crypto founder Sam Bankman-Fried plans to plead not guilty to fraud after being charged with orchestrating a yearslong scam at FTX.

Bankman-Fried was arrested in the Bahamas earlier this month after the US filed an indictment accusing him of misappropriating billions of dollars of customer funds at FTX. After being extradited to the US, he was released from custody on a $250 million bail package. He is currently living at his parents home in California.

Bankman-Fried’s not guilty plea opens up the door to a discovery process, which would give him a better idea of the evidence the government has collected to prosecute him. Ellison, Alameda’s former chief executive, and Wang, FTX’s chief technology officer, both reached cooperation agreements with prosecutors in a significant blow to Bankman-Fried’s case.

_Business Jan 3, Jan 6, potato potahto.

_Business His surname says it all

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

From Sam Bankman-Fried's arrest to bitcoin plunging, here are the 9 craziest crypto stories of 2022 | Business InsiderThese are the wildest moments in a brutal year for cryptocurrencies that saw bitcoin plunge over 60% and Sam Bankman-Fried arrested on fraud charges.
Source: BISouthAfrica - 🏆 34. / 51 Read more »

Zambia was Africa’s top stock market in 2022 - it climbed 12% in dollar terms | BusinessA rally in Copperbelt Energy Corp. is poised to help Zambia’s benchmark stock index become Africa’s best performer this year. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »