Accused crypto crook Sam Bankman-Fried is expected to enter a plea next week to charges he stole $1.8 billion from investors of his failed FTX cryptocurrency exchange. Bankman-Fried, 30, who will b…
Accused crypto crook Sam Bankman-Fried is expected to enter a plea next week to charges he stole $1.8 billion from investors of his failed FTX cryptocurrency exchange.
Bankman-Fried, 30, who will be arraigned Jan. 3 in Manhattan federal court, is currently holed up at his parent’s house in California after gettingHe was expected to fly back across the country to appear in court in person before Judge Lewis Kaplan. Kaplan was appointed after the original judge stepped down from the case because her husband’s law firm had advised FTX, court records showed on Wednesday.
The failed financier’s bond was secured by two unnamed co-signers and his parents, Stanford Law professorBankman-Fried faces charges of charges of wire fraud, securities fraud, conspiracy, money laundering and campaign finance violations that could land him behind bars for 115 years. He voluntarily waved his rights to an extradition hearing and cut a deal with the feds for his record bond after being busted in the Bahamas in connection with the “massive years-long fraud” that prosecutors said was “a house of cards” built “on a foundation of deception.”
Sam Bankman-Fried, seen testifying before Congress last year, faces a swirl of charges in connection with an alleged $1.8 billion fraud.
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