{"id":140740,"date":"2023-09-01T23:03:48","date_gmt":"2023-09-01T17:33:48","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=140740"},"modified":"2023-09-01T23:03:48","modified_gmt":"2023-09-01T17:33:48","slug":"ftx-ex-ceo-denies-100m-political-influence-and-fraud-charges-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ftx-ex-ceo-denies-100m-political-influence-and-fraud-charges-crypto-news\/","title":{"rendered":"FTX Ex-CEO Denies $100M Political Influence and Fraud Charges – Crypto News"},"content":{"rendered":"

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Former FTX CEO Sam Bankman-Fried has pleaded not guilty to new accusations that accuse him of trying to influence U.S. politics by funneling $100 million in stolen cash. The Southern District of New York courts accused Bankman-Fried of seven counts<\/a> of fraud, money laundering, and conspiracy on Tuesday.<\/span><\/p>\n

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Judge Netburn: You are charged in seven counts [Count 8, campaign finance charges, is gone] How do you plead?
Bankman-Fried: Not guilty.
AUSA: We’d like to exclude time until the trial, October 3.
Mark Cohen for SBF: We’d like to raise two topics regarding the MDC<\/p>\n

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\u2014 Inner City Press (@innercitypress) August 22, 2023<\/a><\/p>\n<\/blockquote>\n

August 11 saw a $250 million bail rev for the 31-year-old millionaire due to witness tampering accusations. Subsequently, he was sent to Brooklyn\u2019s Metropolitan\u00a0<\/span>Detention<\/span><\/a>\u00a0Center, where he\u2019s been ever since. Bankman-Fried, in his sixth superseding indictment hearing since his arrest, pled not guilty to all allegations.<\/span><\/p>\n

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Accusations and Defense Strategy<\/span><\/strong><\/h2>\n

The allegations against the embattled former billionaire have changed several times. Prosecutors recently dropped multiple charges that had not been agreed upon during his extradition from the Bahamas in December, according to an extradition treaty with the Caribbean nation. Bankman-Fried still faces accusations of campaign finance corruption, but this is not a separate charge in the latest indictment.<\/span><\/p>\n

Bankman-Fried\u2019s defense<\/span><\/a>\u00a0team has raised concerns about their client\u2019s well-being in federal lockup. They reported that he has been having difficulty accessing prescription medication and maintaining a vegan diet.\u00a0<\/span><\/p>\n

His lawyers requested accommodations for his dietary needs and access to Adderall, a drug he takes for attention-deficit\/hyperactivity disorder. They also noted that the prison had not provided him with EMSAM, an antidepressant.<\/span><\/p>\n

Defence Preparation Concerns<\/span><\/strong><\/h2>\n

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Bankman-Fried\u2019s attorneys also cited Sixth Amendment rights violations, claiming their client could not properly prepare for trial due to his detention since August 11. They noted that they had only been offered fictional solutions.\u00a0<\/span><\/p>\n

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\ud83d\udea8NEW: Judge Kaplan has granted @SBF_FTX<\/a> approval to meet with his lawyers from around 8:30AM-3:00PM tomorrow on the day of his arraignment for the superseding indictment. His lawyers are allowed to bring one internet-enabled laptop and one Wi-Fi device to the meeting. \ud83d\udc47\ud83c\udffc pic.twitter.com\/2dpAEHbaPb<\/a><\/p>\n

\u2014 Eleanor Terrett (@EleanorTerrett) August 21, 2023<\/a><\/p>\n<\/blockquote>\n

The defense argued that without internet access and proper food and medication, Bankman-Fried would struggle to defend himself against what his attorney Mark Cohen described as an especially complex set of charges.<\/span><\/p>\n

Magistrate Judge Sarah Netburn presided over the hearing. She said she would investigate the issues raised by the defense after the hearing adjourned, to resolve them by the end of the day.<\/span><\/p>\n

The trial for Bankman-Fried is set to begin in early October. The prosecution and defense have submitted proposed jury instructions, which provide guidelines on how the judge should explain the charges and allegations to jurors.<\/span><\/p>\n

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Kelvin is a distinguished writer specializing in crypto and finance, backed by a Bachelor’s in Actuarial Science. Recognized for incisive analysis and insightful content, he has an adept command of English and excels at thorough research and timely delivery. <\/p>\n<\/p><\/div>\n

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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–><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Former FTX CEO Sam Bankman-Fried has pleaded not guilty to new accusations that accuse him of trying to influence U.S. politics by funneling $100 million in stolen cash. The Southern District of New York courts accused Bankman-Fried of seven counts of fraud, money laundering, and conspiracy on Tuesday. Judge Netburn: You are charged in seven […]<\/p>\n","protected":false},"author":2,"featured_media":73117,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-140740","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/140740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=140740"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/140740\/revisions"}],"predecessor-version":[{"id":147236,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/140740\/revisions\/147236"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/73117"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=140740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=140740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=140740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}