The former FTX CEO faces eight criminal counts in the United States which could result in 115 years in jail should he be convicted.
Former FTX chief executive officer Sam Bankman-Fried has pled not guilty to all charges he’s facing 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 jail 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.
Sam Bankman-Fried has arrived in court for his arraignment. We’re told he will plead not guilty to all the charges against him. pic.twitter.com/yakSLkOus8
— Connell McShane (@connellmcshane) January 3, 2023
At the same hearing, the judge granted a request from SBF’s legal team to redact identifying information on individuals acting as sureties for his $250-million bond. Bankman-Fried’s parents have reportedly been “the target of intense media scrutiny, harassment, and threats” since posting his bail in December.
This story is developing and will be updated.