Bankman-Fried set to enter initial not guilty plea in FTX fraud case -source

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Sam Bankman-Fried is expected on Tuesday to enter an initial plea of not guilty to criminal charges that he cheated investors and looted billions of dollars at his now-bankrupt FTX cryptocurrency exchange, according to a source familiar with the matter

Bankman-Fried is accused of illegally using FTX customer deposits to support his Alameda Research hedge fund, buy real estate and make millions of dollars in political contributions.

Bankman-Fried has been free on $250 million bond following his extradition last month from the Bahamas, where he lived and where the exchange was based. The Massachusetts Institute of Technology graduate has been charged with two counts of wire fraud and six conspiracy counts, including to launder money and commit campaign finance violations. He could face up toBankman-Fried has admitted to making mistakes running FTX but said he did not believe he was criminally liable.

 

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I don't see that there's a crime committed, intangible so called currency purchased by a non-gold backed colored paper also called currency. It's like buying land on venus in exchange for land on pluto

Is that not reason enough to ban all crypto currencies world wide ASAP?

Why did he have meetings with Whitehouse officials this year? Biden lovers at Reuters will ignore this fact.

Jail for this MF

This man should be in jail for the rest of his sordid life.

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How much more proof do you need to see that the rich are accelerating their wealth directly at the direct expense of working class misery? It is a game we are all involved in but have not been invited to play.

He and his lawyers will go for a plea deal which won’t satisfy their investors who lost their money 💰

What’s his racial background?

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Sam Bankman-Fried to enter plea in FTX fraud caseSam Bankman-Fried is expected to enter a plea next week to criminal charges he defrauded investors and looted billions of dollars in customer funds at his failed FTX cryptocurrency exchange. He should also enter the hairdresser’s Bitcoin People : 'Cryptos are superior, because there is a ledger of every coin transaction.' Also Bitcoin People : 'We have no idea where the billion$ in crypto went.' Guilty!
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Sam Bankman-Fried plea to come in fraud case over FTX cryptocurrency exchangeThe former head of the FTX cryptocurrency exchange is expected to enter a plea in court to fraud charges as early as next week. Democrat money laundering ,any of us would be in jail a long time ago if we did this what a joke
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Sam Bankman-Fried expected to enter plea in NYC next weekAccused crypto crook Sam Bankman-Fried is expected to enter a plea next week to charges he stole $1.8 billion from investors of his failed FTX cryptocurrency exchange. Bankman-Fried, 30, who will b… He waived extradition to get his soft ,pus belly ass back to the US and out of the jail hell hole he was in and back to his parents basement. His high dollar bond is nothing but window dressing for the $4 mil. home property bond his parents put up their home for. I think he will be pulling a Jeffery Epstein and it will be before he gets to jail. Based on the current state of our judicial system, he may have too curly hair and almost white enough looking to get a free pass.
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