Sam Bankman-Fried pleaded not guilty to felony charges

Yesterday, January 3, another hearing on the case of former FTX head Sam Bankman-Fried took place in federal court in Manhattan. He denied the prosecutor's charges brought against him in connection with the collapse of the stock exchange. Sam Bankman-Fried was also expected to join after pleading guilty to former Alameda CEO Caroline Ellison and former FTX CTO Gary Wang, who are cooperating with prosecutors and ready to testify in court. Sam Bankman-Fried). However, the former CEO of FTX denied all eight charges against him, which include wire fraud, conspiracy to commit commodities and securities fraud, and conspiracy to commit money laundering and campaign finance violations.. Recall that the maximum penalty for five of the eight counts against Bankman-Fried is 20 years in prison each. Assistant U.S. Attorney Danielle Sassoon said at a hearing on Tuesday that the government has plenty of evidence against Bankman-Fried and prosecutors will add hundreds of thousands of documents to support the charge in the coming weeks.. Sassoon clarified that the government is still issuing subpoenas and obtaining warrants to conduct “extended searches.” U.S. District Judge Lewis Kaplan has set the next trial date for October 2. Earlier it became known that the founder of the collapsed crypto exchange met with American writer and journalist Michael Lewis, who, according to members of the crypto community, is collecting material for a book or script for a film based on the events around FTX.