Former FTX CEO Sam Bankman-Fried has pleaded not responsible to new accusations that accuse him of making an attempt to affect U.S. politics by funneling $100 million in stolen money. The Southern District of New York courts accused Bankman-Fried of seven counts of fraud, cash laundering, and conspiracy on Tuesday.
Decide Netburn: You might be charged in seven counts [Count 8, campaign finance charges, is gone] How do you plead?
Bankman-Fried: Not responsible.
AUSA: We might prefer to exclude time till the trial, October 3.
Mark Cohen for SBF: We might like to boost two matters concerning the MDC
— Inside Metropolis Press (@innercitypress) August 22, 2023
August 11 noticed a $250 million bail rev for the 31-year-old millionaire as a result of witness tampering accusations. Subsequently, he was despatched to Brooklyn’s Metropolitan Detention Heart, the place he’s been ever since. Bankman-Fried, in his sixth superseding indictment listening to since his arrest, pled not responsible to all allegations.
Accusations and Protection Technique
The allegations in opposition to the embattled former billionaire have modified a number of instances. Prosecutors lately dropped a number of prices that had not been agreed upon throughout his extradition from the Bahamas in December, in accordance with an extradition treaty with the Caribbean nation. Bankman-Fried nonetheless faces accusations of marketing campaign finance corruption, however this isn’t a separate cost within the newest indictment.
Bankman-Fried’s defense group has raised issues about their shopper’s well-being in federal lockup. They reported that he has been having issue accessing prescription treatment and sustaining a vegan weight loss plan.
His attorneys requested lodging for his dietary wants and entry to Adderall, a drug he takes for attention-deficit/hyperactivity dysfunction. Additionally they famous that the jail had not supplied him with EMSAM, an antidepressant.
Defence Preparation Issues
Bankman-Fried’s attorneys additionally cited Sixth Modification rights violations, claiming their shopper couldn’t correctly put together for trial as a result of his detention since August 11. They famous that they’d solely been supplied fictional options.
🚨NEW: Decide Kaplan has granted @SBF_FTX approval to satisfy along with his attorneys from round 8:30AM-3:00PM tomorrow on the day of his arraignment for the superseding indictment. His attorneys are allowed to deliver one internet-enabled laptop computer and one Wi-Fi machine to the assembly. 👇🏼 pic.twitter.com/2dpAEHbaPb
— Eleanor Terrett (@EleanorTerrett) August 21, 2023
The protection argued that with out web entry and correct meals and drugs, Bankman-Fried would battle to defend himself in opposition to what his lawyer Mark Cohen described as an particularly complicated set of prices.
Justice of the Peace Decide Sarah Netburn presided over the listening to. She mentioned she would examine the problems raised by the protection after the listening to adjourned, to resolve them by the top of the day.
The trial for Bankman-Fried is about to start in early October. The prosecution and protection have submitted proposed jury directions, which offer tips on how the choose ought to clarify the costs and allegations to jurors.
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