SBF Pleads Not Guilty To All Charges, Here’s When The Trial Begins

January 3, 2023 4:41 pm Comments

Disgraced founder of FTX, Sam Bankman Fried pleaded not guilty to all Federal charges against him on Tuesday morning.

Bankman-Fried arrived at the United States District Court in the Southern District of New York with a massive media presence.

In total SBF pleaded not guilty to 8 charges which in total carry a 115-year sentence.

He will remain on bail and be back in court on October 2nd, 2023.

Cointelgraph shared tehse details:

Former FTX chief executive officer Sam Bankman-Fried has pled not guilty to all criminal charges he’s facing related to the collapse of the crypto exchange including wire fraud, securities fraud, and violations of campaign finance laws.

Multiple observers in the United States District Court in the Southern District of New York on Jan. 3 reported that Bankman-Fried’s attorneys had entered a not guilty plea on SBF’s behalf in his first court appearance since December. Bankman-Fried faces eight criminal counts which could result in 115 years in prison should he be convicted.

Assistant U.S. Attorney Danielle Sassoon, one of the prosecutors in the case against the former FTX executive, reportedly said her team intended to provide SBF’s lawyers with documents of evidence within the next two weeks. The former FTX CEO had been under house arrest at his parent’s home in California since Dec. 22, but returned to New York for the plea hearing. Reuters reported Sassoon was anticipating a four-week long trial starting in September or October.

ABC News added these details:

Disgraced crypto executive Sam Bankman-Fried pleaded not guilty to federal criminal charges in Manhattan on Tuesday and was tentatively scheduled to stand trial Oct. 2.

Bankman-Fried, instantly recognizable by his mop of unkempt hair, appeared before Judge Lewis Kaplan in a dark suit and tie. His mother sat behind him in the spectator benches.

The former CEO of bankrupt crypto exchange FTX did not speak during the hearing. His attorney, Mark Cohen, entered the not guilty plea on his behalf.

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