Sam Bankman-Fried expected to plead ‘not guilty’ — but why?
Sam Bankman-Fried is expected to plead ‘not guilty’ at his arraignment for criminal charges related to the behavior of FTX and Alameda.
Cryptocurrency news by Protos · Protos
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Show Notes
Sam Bankman-Fried, the founder of now-bankrupt FTX and Alameda Research, is reportedly expected to plead not guilty at his arraignment for eight charges including wire fraud, conspiracy to commit money laundering, and conspiracy to break campaign finance laws.
Several alleged co-conspirators, including Caroline Ellison, former CEO of Alameda Research, and Gary Wang, FTX co-founder, have already pleaded guilty to charges related to the same scheme. There are also ongoing CFTC and SEC civil suits being brought against Bankman-Fried which allege both commodities fraud and securities fraud.
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