Judge denies motion to dismiss most charges against Sam Bankman-Fried
A federal judge denied Sam Bankman-Fried’s motion to dismiss or sever most of the criminal charges he faces.
The disgraced FTX co-founder’s lawyers asked Judge Lewis Kaplan of the U.S. District Court for the Southern District of New York last month to dismiss most of the charges Bankman-Fried faces, in part arguing that some violated laws against charging a defendant with the same crime twice.
In a response on Tuesday, Kaplan denied the motions, calling them “moot or without merit.”
Bankman-Fried faces over 100 years in prison if convicted and given maximum sentence on all counts, including fraud-related charges regarding allegations that he and other FTX executives used billions in customer assets to make their own failed investments. He is currently under house arrest, confined to his parents’ home.
The criminal trial is currently scheduled for October, though Bankman-Fried’s lawyers have also requested a delay in that proceeding.
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Author: Colin Wilhelm
