Sam Bankman-Fried pleads not guilty to latest fraud, bribery charges
from the Securities and Exchange Commission and Commodity Futures Trading Commission . His attorney, Mark Cohen, claimed he would file a motion that SBF can’t be tried on charges brought after his extradition from the Bahamas in December.
Federal prosecutors allege SBF and his partners tried “numerous” legal and personal methods to unfreeze the funds before moving forward with the bribe. They say SBF directed Alameda Research, FTX’s sister company, to transfer more than $40 million to a private wallet. Of course, it’s illegal for US citizens to bribe foreign officials to generate business.
Three former FTX executives, Caroline Ellison, Zixiao “Gary” Wang, and Nishad Singh, have pleaded guilty to fraud and conspiracy charges and have agreed to cooperate with the prosecution. There’s no word yet on the judge’s ruling about whether SBF will be forced toand limit internet access as part of his bail terms.
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