Sam Bankman Fried Be expected File a petition for criminal charges on 3 January 2022, including: Conspiracy to launder money and conspiracy to defraud customers and lenders.
The FTX founder’s trial is scheduled to begin on the afternoon of January 3 in federal court in Manhattan before U.S. District Judge Louis Kaplan.
Bankman-Fried used customer deposits to fund his Alameda Research hedge fund firm, purchase real estate and make political contributions over the years, prosecutors said. In addition, SBF borrowed his $546 million from Alameda to finance the purchase of Robinhood shares. affidavit The case was filed in the High Court of Antigua and Barbuda on December 12th.
Two of his associates, former Alameda CEO Caroline Ellison and former FTX CTO Gary Wang, have pleaded guilty to their role in the company’s demise, but the FTX founder has yet to do so.
Bankman-Fried was released on December 22 on a record $250 million bail after being extradited from the Bahamas. He was ordered to stay with his parents in Palo Alto under electronic surveillance.
