Judge to weigh Bankman-Fried's trial schedule, bail conditions at hearing

after U.S. District Judge Lewis Kaplan raised concerns last month that the 31-year-old former billionaire wunderkind was testing the limits of his $250 million bail package by communicating in ways that could not be monitored.

Federal prosecutors in Manhattan have charged Bankman-Fried with perpetrating an "epic" fraud by stealing billions of dollars in FTX customer funds to plug losses at Alameda Research, his hedge fund. They have also said Bankman-Fried made tens of millions of dollars in illegal political donations to buy influence in Washington, D.C.

Late last month, prosecutors added new fraud and conspiracy charges against Bankman-Fried over the November collapse of his now-bankrupt exchange, meaning he now faces 12 charges. He had pleaded not guilty to the original eight charges in January.

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Analysis: Bankman-Fried's bid to shift blame complicated by new chargesSince his December arrest on fraud charges, FTX founder Sam Bankman-Fried and his lawyers have suggested part of his defense will be seeking to distance himself from the day-to-day operations of the now-bankrupt cryptocurrency exchange. 😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘🤔😘😘😘😘😘😘😘😘😘😘😘 Top Biden donor in 2020. Or was that billionaire Hungarian Communist and former Nazi prison guard George Soros? Bankman-fried is a bankman fried.
Source: Reuters - 🏆 2. / 97 Read more »