FTX founder Sam Bankman-Fried pleads not guilty | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 95%

Business News News

Business Business Latest News,Business Business Headlines

FTX crypto exchange founder Sam Bankman-Fried pleads not guilty to charges that include cheating investors out of billions of dollars

The 30-year-old entrepreneur, who is out on a $250 million bail package, was arraigned in federal court in Manhattan on Tuesday. His attorney Mark Cohen entered the plea of not guilty to all counts. The judge set a trial date for October 2. Bankman-Fried, once hailed as the public face of the crypto industry, was indicted on two counts of wire fraud and six counts of conspiracy-related charges last month for his role in what one federal prosecutor called “a fraud of epic proportions.

Bankman-Fried’s parents, both law professors at Stanford who co-signed his bond, have “become the target of intense media scrutiny, harassment, and threats,” defense lawyers wrote in a letter to the court, while asking to redact the names of two other co-signers, known as “sureties.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Money laundering at its finest!

satanic globalists fear the storm, nobody playing the game gets a free pass...

Here's a bet! He will never end up in jail.

And that’s why I never Invested into Crypto

The government and the whole judiciary system is corrupt that’s very sad

120 billions dollars have been laundered in Ukraine.

When you invest in something that is basically worth nothing....sooner or later you get nothing in return...Blockchains are basically envelops and nothing else...

He's a Democrat to investigation will go nowhere

Grifter

He’s guilty of bad hair. We know that.

As a leftist doner he will get off scott free.

Pinche maldito ladrón... 😡

Throw the book at his guy he must spend the rest of his life in the slammer make an example out of him.

Pleads Not guilt...lol...the grift.. check this crypto money laundering robber baron get away Scott free with zero accountability for all the washed money that benefitted political parties and rich elitists.

Is it considered theft if the bit coin stolen is worth nothing?

Then where are the billions now?

gatewaypundit MattWalshBlog realDailyWire LarryElder AmericanThinker EpochTimes BreitbartNews nypost bigleaguepol amspectator CNN nytimes ABC CBSNews MSNBC NBCNews FoxNews OANN cr DailyCaller townhallcom theblaze FDRLST newsmax AP

today at 8 a.m SahandNoorMohammadzadeh was transfered from 'Tehran bozorg' prison to 'Rajayi shahr' prison. we don't know about the reason of this transfer... MahsaAmini

You mean 'Disgraced crypto thief' But thats only If he donated to the GOP

These allegations are very concerning. This speaks to the importance of doing research before investing in any sort of crypto venture. HODL safely.

I didn't realize that incompetence was a valid defense.

mendlowicz

Clown world.

That’s the great thing in life : no one is guilty 🤡

LaMonicaBuzz I believe him

He is fried.

He gets the rich person justice the rest of us don’t get.

All just a joke , period.

my sincere hope is that all gop who have invested, lose it all. embrace the terroristic ideology, maybe your imaginary gawd is doling out punishment?, i laugh at the insanity of some humans

Then why did his company collapse?

so, it appears this guy stole billions and he is allowed to pay bail with a fraction of that money?

Fortune favors the gullible

It’s like a toddler with frosting on his cheeks claiming he didn’t eat the cake

He has admitted in his various interviews to being guilty and now pleads innocent.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

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.

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. Is he really ‘disgraced’ in every interview he’s sounded arrogant and avoided responsibility Like all people I was born free from sin and crime, why did the environment and people attack me like most people, forcing them to sin and be criminals? We can and have a right to defend ourselves against this! Even with protective services! The death sentences for MohammadMehdiKarami & MohammadHosseini are affirmed in the Islamic Republic’s “Supreme Court” from the case for protests on Hadis Najafi’s 40th day in Karaj. These two’s precious lives are extremely in danger.
Source: CNN - 🏆 4. / 95 Read more »