Judge Rejects Sam Bankman-Fried's Bid to Dismiss Criminal Charges Over FTX, Confirms Trial
FTX founder Sam Bankman-Fried's bid to dismiss most of the criminal charges against him has been rejected by U.S. District Judge Lewis Kaplan, paving the way for an October 2 trial. The charges accuse him of involvement in a multibillion-dollar fraud, including diverting customer funds and making illegal contributions to political campaigns. Bankman-Fried continues to assert his innocence but admits to FTX's lack of risk management.
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Judge Rejects Sam Bankman-Fried's Bid to Dismiss Criminal Charges Over FTX, Confirms Trial
FTX founder Sam Bankman-Fried's bid to dismiss most of the criminal charges against him has been rejected by U.S. District Judge Lewis Kaplan, paving the way for an October 2 trial. The charges accuse him of involvement in a multibillion-dollar fraud, including diverting customer funds and making illegal contributions to political campaigns. Bankman-Fried continues to assert his innocence but admits to FTX's lack of risk management.