International Finance: FTX founder Bankman-Fried pleads not guilty, faces trial in October

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Bankman-Fried is set to face a trial in October, a courtroom showdown likely to be one of the highest-profile white-collar fraud cases in recent years. In December, US prosecutors revealed eight criminal counts against him, including wire fraud and ...

Bankman-Fried appeared in US District Court in New York wearing a blue suit, white shirt and blue tie, and sitting at the defence table between his lawyers, Mark Cohen and Christian Everdell. US District Judge Lewis Kaplan set a trial date for 2 October, after US prosecutors said they expect to produce all evidence for the case in the next four weeks.

“We do have concerns that within a period of a few days additional assets could become inaccessible,” Sassoon said, noting that while SBF has denied making the transfers in a tweet he has made false statements in that fashion before. “All the machinations of getting to trial will start rolling after the arraignment,” Andrew Jennings, a law professor and former white collar defence attorney, said. “But it doesn’t mean the government and Bankman-Fried can’t negotiate a plea.”

US Attorney Damian Williams previously revealed the government had spoken to dozens of FTX employees and had tens of thousands of pages of material, including e-mails, financial statements and Signal messages. “Even if Bankman-Fried wanted to cooperate,” the US Attorney’s Office for the Southern District of New York “would only agree to do so if he brought substantial value”, defence attorney Tim Howard, a former SDNY prosecutor, said. “SDNY does not like to cooperate down, and Bankman-Fried is likely at the top of their pyramid, so it’s unlikely.”

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Took them less than 2 months to get him in front of a judge. Here we have that Steinhof thug cruising nicely unbothered

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Sam Bankman-Fried pleads not guilty in the US government's criminal case over FTX crash | Business InsiderSam Bankman-Fried appeared in New York federal court Tuesday to enter a not-guilty plea, but he could still try to strike a plea deal in the future.
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