, 31, entered the plea to the new, 13-count indictment through his lawyer, Mark Cohen, at a hearing before U.S. District Judge Lewis Kaplan in Manhattan federal court.
Cohen said he was planning to challenge the new charges because they were brought after Bankman-Fried was extradited from the Bahamas, where he was arrested in December and where FTX was based.add to the pressure on Bankman-Fried, who faces a possible sentence of decades in prison if convicted at a trial set to start on Oct. 2.
The initial indictment by the U.S. Attorney’s office in Manhattan contained few details about the alleged scheme. In an unusual post-arrest blog post, the former billionaire acknowledged inadequate risk management at FTX, but said he did not steal funds. And on Tuesday, prosecutors moved to unseal yet another indictment, which accused Bankman-Fried of conspiring to violate an anti-bribery law by orchestrating a $40-million payment to Chinese authorities to regain access to $1-billion in cryptocurrency in Alameda accounts that had been frozen.
Sam is definitely rocking the Don Cornelius fro.