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

Published by
Reuters UK

By Jack Queen and Luc Cohen NEW YORK (Reuters) – Sam Bankman-Fried is expected on Tuesday to enter a 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, in what prosecutors have called a fraud of epic proportions. He is scheduled to appear at 2 p.m. EST (1900 GMT) before U.S….

Read More