3

FTX's Sam Bankman-Fried pleads not guilty to new U.S. charges

 1 year ago
source link: https://finance.yahoo.com/news/ftxs-sam-bankman-fried-pleads-not-guilty-to-new-us-charges-154338129.html?_tsrc=fin-notif
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
neoserver,ios ssh client

FTX's Sam Bankman-Fried pleads not guilty to new US charges

The crypto exchange founder entered his plea of not guilty on five new counts added by prosecutors in February and March.

Bitcoin pushes higher despite the CFTC’s crackdown on Binance
 spokesperson Kevin O'Leary 
 on the sector and fears 
Bitcoin pushes higher despite the CFTC’s crackdown on Binance
Scroll back up to restore default view.
Fri, March 31, 2023, 12:43 AM GMT+9·2 min read

FTX founder Sam Bankman-Fried pleaded not guilty to new criminal charges against the crypto entrepreneur as his legal troubles expand in the wake of FTX's 2022 collapse.

The 31-year-old in January first pleaded not guilty to an initial eight-count indictment alleging he stole billions of FTX customer funds and misled investors. A second four-count indictment in February alleged he conspired to commit bank fraud. Now a third indictment unsealed Tuesday adds one additional count by accusing him of also directing $40 million in bribes to Chinese government officials.

On Thursday Bankman-Fried's attorney told a U.S. District Court in Manhattan that his client is pleading not guilty on the five new charges added over the last two months but that he is not agreeing he can be tried on the new charges. FTX, one of the world's largest cryptocurrency exchanges, filed for bankruptcy last November, and Bankman-Fried was arrested in December.

Other former colleagues charged in Bankman-Fried's criminal case are now cooperating with prosectors. They include Caroline Ellison, the former CEO of Bankman-Fried's hedge fund Alameda Research, as well as two former FTX executives Gary Wang and Nishad Singh. All three have pleaded guilty.

FTX founder Sam Bankman-Fried arrives at court in New York Thursday. (AP Photo/Yuki Iwamura)
FTX founder Sam Bankman-Fried arrives at court in New York, Thursday, March. 30, 2023. (AP Photo/Yuki Iwamura)

U.S. District Judge Lewis Kaplan earlier this week ruled to further restrict Bankman-Fried’s access to technology after weeks of negotiations. Bankman-Fried, who is waiting his October trial at his parent’s home in Palo Alto, Calif., can use a customized laptop with certain pre-approved websites.

He will also have a security guard stationed at the front door of his house to check visitors for electronic devices while a consulting technician will also monitor his technology usage three times a week.

The issue first came to the court’s attention when prosecutors discovered Bankman-Fried had been contacting potential witness Ryne Miller, current general counsel for FTX’s U.S. subsidiary, through encrypted messaging applications.

Recommended Stories
  • b236575137cc4e5dfce51ae365b6daaf.cf.webp
    AP Finance

    No more room for vroom? Paris votes on banishing e-scooters

    The wheels may be about to come off Paris' ubiquitous for-hire electric scooters. Zipping around the City of Light on one of them, wind in the hair, or romantically but naughtily e-scooting à deux on one machine when the gendarmes aren't looking could soon be over if Parisians vote Sunday to do away with the 15,000 opinion-dividing micro-vehicles. The answer could doom a leading market for the swift two-wheelers that have expanded locomotion choices in the French capital and other urban centers and towns around the world.

    2d ago
  • ab75da37bb5303b36abb1592e7ab64b4.cf.webp
    AP Finance

    Swiss prosecutors probe Credit Suisse ahead of UBS takeover

    The Swiss attorney general’s office says it has opened a probe into the events surrounding embattled bank Credit Suisse, which is to be taken over by rival UBS. Switzerland's government and financial regulators helped engineer the hastily arranged, $3.25 billion agreement that was aimed in part to help calm worries about the global financial system and will leave the country with a single huge global bank. The office said the probe falls short of a formal investigation and is not a criminal inquiry.

    6h ago
  • 21ad61deba6738b795ac48ccd8bfcbf1.cf.webp
    Investopedia

    Earnings, Not Inheritance, Drives Most of Racial Wealth Gap, Study Says

    Researchers at the Federal Reserve Bank of Boston calculated the different factors that make up the racial wealth gap and released their findings this week.

    2h ago
  • 8c587eede1170461bae4fa0683806cb5.cf.webp
    Bloomberg

    Swiss Prosecutor Opens Probe Into Credit Suisse Takeover

    (Bloomberg) -- The Swiss Attorney General’s Office has opened an investigation into the government-brokered takeover of Credit Suisse Group AG by UBS Group AG and is gathering evidence to identify possible crimes.Most Read from BloombergOPEC+ Makes Shock Million-Barrel Cut in New Inflation RiskSwiss Prosecutors Probe Credit Suisse Deal, Job Cuts SeenRussia Blames Ukraine as Suspect Held in Pro-War Blogger’s DeathBillionaire Blocked From His New Palace Blasts ‘Socialist’ IndiaDubai’s Latest Boom

    22h ago
  • 3d70dedf55d1d1146e4a16a8240eaa5b.cf.webp
    AP Finance

    UK teachers reject government pay offer amid labor unrest

    Teachers in England rejected the government’s latest pay offer on Monday, raising the specter of more strikes and further disruptions for parents and children as double-digit inflation sparks labor unrest across the country. News that teachers had voted to reject the offer came as U.K. passport workers kicked off a five-week strike that threatens to cause headaches for travelers ahead of the summer holiday season. Immediately after announcing the results of the ballot, the National Education Union scheduled one-day strikes for April 27 and May 2.

    6h ago
  • 4d90e236bab09f3a8f525c425fbb8d9e.cf.webp
    TechCrunch

    Paris votes overwhelmingly to ban shared e-scooters

    In a major blow to shared micromobility companies Lime, Dott and Tier, Paris has voted to ban rental e-scooters from its streets. Many in the industry fear the move in Paris, where free-floating scooters initially took off in 2018, will have ripple effects in other cities. Paris has been one of the most heavily regulated e-scooter markets, something companies have pointed to as an example of how they can play nice with cities.

    14h ago
  • f75eb52bfdb17e1583191cb055fdaa54.cf.webp
    Zacks

    NIO, XPeng (XPEV), Li Auto (LI) Post March, Q1 Delivery Updates

    NIO delivered 31,041 vehicles in first quarter of 2023, while XPeng and Li Auto delivered 18,230 and 52,584 vehicles respectively in the same period.

    4h ago
  • daa9ca8d47895111531ccdf7ba9bdea4.cf.webp
    Reuters

    McDonald's temporarily shuts US offices, prepares layoff notices -WSJ

    In an internal email last week to U.S. employees and some international staff, McDonald's asked them to work from home from Monday through Wednesday so it can deliver staffing decisions virtually, the report said. "During the week of April 3, we will communicate key decisions related to roles and staffing levels across the organization," the Chicago-based company said in the message viewed by the Journal. McDonald's also asked employees to cancel all in-person meetings with vendors and other outside parties at its headquarters, the report added.

    18h ago
  • 8e1dbcb042fc125065f02e1f54a91622.cf.webp
    SmartAsset

    How to Use Mega Backdoor Roths to Save on Taxes

    A mega backdoor Roth is designed for 401(k) savers who want to enjoy Roth account tax benefits. Learn how a mega backdoor Roth rollover works.

    1d ago
  • a0762c10-d227-11ed-8d8f-0902a2e073b8.cf.webp
    Yahoo Finance

    Rivian: Q1 deliveries top estimates, 'on track' to hit 2023 production forecast

    EV-maker Rivian delivered some much needed positive news today to investors, announcing that Q1 deliveries that topped estimates for the quarter, and its production forecast is still on track.

    1h ago
  • 1167bdb0eb460a634fc2b8084c2a9c52.cf.webp
    USA TODAY

    Texas woman uses 'cash stuffing' and stimulus check to pay off nearly $80,000 in debt

    Before she started cash stuffing, Jasmine Taylor said she was tired of being in financial distress. She turned that success into 'Baddies and Budgets'

    1d ago
  • 684f385ad61aefe8aae4973a061ad5be.cf.webp
    Investor's Business Daily

    Dow Jones Rallies 300 Points Amid Key Economic Data; Tesla Slides On Deliveries Miss

    The Dow Jones rose 275 points Monday amid key economic data. Tesla stock dropped after the company's Q1 deliveries missed estimates.

    1h ago
  • fb34d5cd564794b09435f59bb36f279a.cf.webp
    SmartAsset

    How to Buy Land and Build a House: 4 Steps

    Many people dream of owning a chunk of land and putting their dream house on it. Maybe you fantasize about pulling out all the stops and designing a home with every feature you've ever wanted. Well, to make that dream, … Continue reading → The post How to Buy Land and Build Your Dream House appeared first on SmartAsset Blog.

    1d ago
  • f6c8727ec43d6b227c40f9b831a6338c.cf.webp
    Bloomberg

    WWE Falls After Endeavor Agrees to Buy Empire for $9.3 Billion

    (Bloomberg) -- World Wrestling Entertainment Inc. dropped the most in more than two years after entertainment conglomerate Endeavor Group Holdings Inc. struck a deal to buy the company for $9.3 billion including debt.Most Read from BloombergOPEC+ Makes Shock Million-Barrel Cut in New Inflation RiskSwiss Prosecutors Probe Credit Suisse Deal, Job Cuts SeenRussia Blames Ukraine as Suspect Held in War Blogger’s DeathBillionaire Blocked From His New Palace Blasts ‘Socialist’ IndiaOil Surges 8% After

    35m ago
  • e8e4b0344809eaac6d73c9fd25fd180a.cf.webp
    Zacks

    Enphase Energy, Inc. (ENPH) is Attracting Investor Attention: Here is What You Should Know

    Zacks.com users have recently been watching Enphase Energy (ENPH) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

    3h ago
  • 2b7905c5f4cc81d8700e630ad078e12a.cf.webp
    The Wall Street Journal

    The ‘King Kong’ of Weight-Loss Drugs Is Coming

    Eli Lilly’s Mounjaro could outpace Ozempic as the most powerful treatment on the market. To develop it, the drug company needed to overhaul long-held but failing practices.

    1h ago
  • 6c310b965624dabfdf36fccc73dc124d.cf.webp
    Zacks

    Apellis (APLS) Kindles Acquisition Interest Per Bloomberg

    Per a Bloomberg article, Apellis Pharmaceuticals (APLS) is considering a possible buyout by larger pharma companies.

    4h ago
  • b8b99c1f8d8a646eccf60167cb1fd3fb.cf.webp
    Barrons.com

    Plug Power Stock Falls as Morgan Stanley Cuts Price Target in Half

    Analyst Andrew Percoco lowered his rating on the shares to the equivalent of Hold from Buy. HIs target for the price went to $15 a share from $35.

    2h ago
  • 36d35980a8dd2c5a510e4eeb3b9e5a92.cf.webp
    Bloomberg

    A Grain Glut Is Straining the Goodwill That Ukraine Badly Needs

    (Bloomberg) -- Blocked border crossings, a minister pelted with eggs and overflowing silos — anger is mounting among farmers in eastern Europe who say a rush of grain from Ukraine threatens their businesses, and it’s steadily eroding political goodwill.Most Read from BloombergOPEC+ Makes Shock Million-Barrel Cut in New Inflation RiskSwiss Prosecutors Probe Credit Suisse Deal, Job Cuts SeenRussia Blames Ukraine as Suspect Held in Pro-War Blogger’s DeathBillionaire Blocked From His New Palace Blas

    1d ago
  • 41cd259e577af63338d36bee78a5a4b7.cf.webp
    Barrons.com

    Apple Stock Nears a Record. iPhone Demand Could Help It Soar, Analyst Says.

    Strong demand for the phones in Asia and improving revenue from services revenue bode well for the shares, analysts at Wedbush say.

    2h ago

About Joyk


Aggregate valuable and interesting links.
Joyk means Joy of geeK