Judge denies motion to dismiss most charges against Sam Bankman-Fried

The Block
The Block

27 Jun 2023 4:31 PM

A judge denied an attempt by the FTX co-founder's legal team to dismiss most charges against him....

  • A federal judge denied Sam Bankman-Fried's motion to dismiss or sever most of the criminal charges he faces.
  • Bankman-Fried faces over 100 years in prison if convicted and given maximum sentence on all counts, including fraud-related charges regarding allegations that he and other FTX executives used billions in customer assets to make their own failed investments.
  • He is currently under house arrest, confined to his parents' home.
  • The criminal trial is currently scheduled for October, though Bankman-Fried's lawyers have also requested a delay in that proceeding.

The article has a negative sentiment as it talks about the criminal charges and potential prison sentence faced by Sam Bankman-Fried.

Go to publisher site

You May Ask

What was the outcome of Sam Bankman-Fried's motion to dismiss or sever most of the criminal charges he faces?What are the fraud-related charges against Bankman-Fried and other FTX executives?Where is Bankman-Fried currently confined?When is the criminal trial scheduled for?What is the sentiment of the article towards Bankman-Fried's situation?

Suggested Reads