{"id":284861,"date":"2022-12-28T19:23:05","date_gmt":"2022-12-28T19:23:05","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=284861"},"modified":"2023-08-15T16:23:23","modified_gmt":"2023-08-15T15:23:23","slug":"ftx-ex-ceo-sam-bankman-fried-likely-to-enter-a-plea-on-january-3-2022","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/ftx-ex-ceo-sam-bankman-fried-likely-to-enter-a-plea-on-january-3-2022\/","title":{"rendered":"FTX ex-CEO Sam Bankman-Fried likely to enter a plea on January 3, 2022"},"content":{"rendered":"

Sam Bankman-Fried is expected<\/a> to enter a plea on January 3, 2022,\u00a0 to criminal charges<\/a>, including<\/span> conspiracy to commit money laundering and conspiracy to commit fraud on customers and lenders.<\/span><\/p>\n

The trial for the FTX founder is scheduled to begin on the afternoon of January 3, in Manhattan federal court, before U.S. District Judge Lewis Kaplan<\/a>.<\/span><\/p>\n

According to prosecutors, Bankman-Fried used customer deposits to fund his Alameda Research hedge fund firm, purchase real estate, and make political contributions for years. \u00a0In addition, SBF borrowed $546M from Alameda to fund the purchase of Robinhood shares, according to an affidavit<\/a> filed in the Antigua and Barbuda High Court on Dec. 12.<\/span><\/p>\n

While two of his associates, former Alameda CEO Caroline Ellison and former FTX CTO Gary Wang, have pleaded guilty<\/a> to their role in the company's collapse, the FTX founder has yet to do so.<\/span><\/p>\n

Bankman-Fried was released<\/a> on a record $250 million bail bond on Dec. 22 after he was extradited from the Bahamas. He was ordered to stay with his parents in Palo Alto, under electronic monitoring.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Sam Bankman-Fried is expected to enter a plea on January 3, 2022,\u00a0 to criminal charges, including conspiracy to commit money laundering and conspiracy to commit fraud on customers and lenders. The trial for the FTX founder is scheduled to begin on the afternoon of January 3, in Manhattan federal court, before U.S. District Judge Lewis […]<\/p>\n","protected":false},"author":1393,"featured_media":347401,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,60793],"tags":[],"post_folder":[],"acf":[],"yoast_head":"\nFTX ex-CEO Sam Bankman-Fried likely to enter a plea on January 3, 2022<\/title>\n<meta name=\"description\" content=\"A plea is expected from SBF in Manhattan federal court next week, before U.S. District Judge Lewis Kaplan.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/ftx-ex-ceo-sam-bankman-fried-likely-to-enter-a-plea-on-january-3-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FTX ex-CEO Sam Bankman-Fried likely to enter a plea on January 3, 2022\" \/>\n<meta property=\"og:description\" content=\"A plea is expected from SBF in Manhattan federal court next week, before U.S. District Judge Lewis Kaplan.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/ftx-ex-ceo-sam-bankman-fried-likely-to-enter-a-plea-on-january-3-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-28T19:23:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-15T15:23:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/08\/ftx-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Soumen Datta\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Soumen Datta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/ftx-ex-ceo-sam-bankman-fried-likely-to-enter-a-plea-on-january-3-2022\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/ftx-ex-ceo-sam-bankman-fried-likely-to-enter-a-plea-on-january-3-2022\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/soumen-datta\/#person\",\"name\":\"Soumen Datta\",\"url\":\"https:\/\/cryptoslate.com\/author\/soumen-datta\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/soumen-datta\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/soumen-datta\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/cs-soumen.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/cs-soumen.jpg\",\"caption\":\"Soumen Datta\"},\"jobTitle\":\"Journalist\",\"description\":\"Soumen is a dedicated researcher and writer in the field of cryptocurrencies, DeFi, NFTs, and GameFi projects. 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