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Sam “SBF” Bankman-Fried, the previous CEO and co-founder of crypto change FTX, has pleaded not responsible to fraud and cash laundering fees levied in an up to date indictment by prosecutors, in keeping with a report.
The newest court docket proceedings in opposition to SBF have been heard by Justice of the Peace Choose Sarah Netburn. The previous FTX CEO was charged with seven counts of fraud and cash laundering together with a further cost of marketing campaign finance. Bankman-Fried pleaded not responsible on all counts.
Judge Netburn: You are charged in seven counts [Count 8, campaign finance charges, is gone] How do you plead?
Bankman-Fried: Not guilty.
AUSA: We’d like to exclude time until the trial, October 3.
Mark Cohen for SBF: We’d like to raise two topics regarding the MDC— Inner City Press (@innercitypress) August 22, 2023
SBF’s counse additionally raised issues pertaining to his medical wants, sharing that SBF takes Adderall and follows a vegan food plan however has not obtained his remedy within the final 11 days. The court docket proceedings additionally noticed SBF’s attorneys request a vegan food plan for his or her consumer.
The counsel additionally cited Sixth Modification issues, saying their consumer can’t put together for trial, as he has been beneath remand since Aug. 11. The counsel famous additional that they’ve been provided “solely fictions as options.”
Bankman-Fried appeared within the Southern District of New York courthouse on Aug. 22, dealing with accusations of misusing buyer funds for private use and political donations. The fraud and cash laundering fees are from December; nevertheless, prosecutors added extra marketing campaign finance fees earlier this month.
The newest proceedings within the FTX lawsuit come after Bankman-Fried’s bail was revoked, with SBF leaving the New York courtroom in handcuffs.
Earlier within the week, Bankman-Fried requested the court docket grant him permission to spend five weekdays outside of detention to work along with his authorized staff on his protection. Nonetheless, a federal decide overseeing SBF’s felony case issued an order permitting him to satisfy along with his authorized staff outdoors of jail for roughly seven hours.
This can be a growing story, and additional data will probably be added because it turns into accessible.
Collect this article as an NFT to protect this second in historical past and present your help for unbiased journalism within the crypto area.
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