Sam Bankman-Fried will File a Not-Guilty Plea to Fraud on January 3rd

Last updated: 2022/12/30 at 11:49 PM

By Mridul Srivastava 1 month ago

1 Min Read

Sam Bankman-Fried will File a Not-Guilty Plea to Fraud on January 3rd

Sam Bankman-Fried, founder of bankrupt crypto exchange FTX, will plead not guilty to fraud.

The 30-year-old is slated to plead not guilty to eight charges, including wire fraud, in Manhattan federal court on Jan. 3.

Bankman-Fried was detained in the Bahamas this month after the U.S. indicted him for misappropriating client funds at FTX.

After being deported, the US court freed him on $250 million bail. In California, he is now living with his parents under house arrest.

BREAKING: Sam Bankman-Fried expected to plead not guilty on #FTX fraud charges.
— whalechart.org (@WhaleChart) December 30, 2022

Mridul Srivastava December 30, 2022

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By Mridul Srivastava

Mridul is an MBA pursuing a content writing career. He is a dedicated, detail-oriented freelance writer with over 2 years of experience and knowledge in the fields of Web3, blockchain, cryptocurrency, and NFTs. He is skilled in producing long and short content per the guidelines and client requirements for maximum search engine optimization.