The founder of the now-bankrupt FTX crypto exchange, Sam Bankman-Fried, arrived at a Manhattan courthouse to make his case to a US judge as to why most of the government's fraud case against him should be dismissed before his October 2 trial
Prosecutors added those charges this year, after Bankman-Fried's December 2022 extradition from the Bahamas in the wake of FTX's collapse. An initial eight-count indictment accused the one-time billionaire of stealing billions of dollars from FTX customers and lying to investors and lenders.to all 13 counts. He had asked U.S. District Judge Lewis Kaplan in Manhattan to dismiss the new charges or alternatively separate them from his Oct. 2 trial.
In Wednesday's court filing, federal prosecutors in Manhattan cited uncertainty around the decision from the Bahamas, and asked Kaplan to schedule a trial on the five counts for the first quarter of 2024. Prosecutors have said they will drop the charges if the Caribbean nation does not consent to them.Lawyers for Bankman-Fried have asked that at least 11 of the charges be dismissed. They have said the Bahamas also did not consent to a charge of violating U.S.
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