BREAKING: FTX’s Sam Bankman-Fried Pleads “Not Guilty” In Latest Hearing

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In response to a report from Reuters, Sam Bankman-Fried, former CEO and co-founder of the now-bankrupt FTX alternate, has pleaded not responsible to a latest cost accusing him of fraud and conspiracy. This motion was taken within the first courtroom look of Bankman-Fried since a US courtroom revoked his bail in early August.

In a listening to presided over by Justice of the Peace Choose Sarah Netburn within the Southern District of New York courthouse, SBF made a “not responsible” plea to the seven legal costs. His mom, Stanford Regulation Faculty professor Barbara Fried, was reportedly in attendance.

The previous CEO is at the moment being held at Brooklyn’s Metropolitan Detention Middle, which his legal professionals complained about. Mark Cohen, Bankman-Fried’s lawyer, mentioned in the course of the latest listening to that his consumer had been denied entry to the drug Adderall, used within the remedy of his consideration deficit hyperactive dysfunction (ADHD).

Cohen additionally claimed that the jail officers have refused to provide a vegan eating regimen to the defendant – as requested. “As a result of he’s following his rules, he’s now subsisting on bread and water,” the lawyer mentioned.

Sam Bankman-Fried Allowed To Meet Attorneys?

Bankman-Fried has been in jail since August 11, 2023, after US district decide Lewis Kaplan rescinded his bail for allegedly tampering with witnesses. On August 18, legal professionals of the previous FTX boss requested that their consumer be launched for 5 days – in the course of the week – to have the ability to work on his protection.

On Tuesday, August 22, Bitcoinist reported that Choose Kaplan had accredited Sam Bankman-Fried to satisfy his counsel, albeit with strict limitations. In response to the report, SBF can meet his legal professionals within the “Marshal’s cell block lawyer room, from roughly 8:30 a.m. till roughly 3 p.m.”

Moreover, SBF and his counsel could have entry to the web during the assembly as Choose Kaplan agreed for his lawyer to carry “one” internet-enabled laptop computer and one Wifi gadget to the courthouse.

Prosecutors have accused Bankman-Fried of diverting billions of {dollars} in FTX buyer funds to save lots of Alameda and purchase costly properties whereas donating greater than $100 million to political campaigns. Whereas the previous FTX boss has admitted to threat administration shortcomings, he has refuted claims of stealing buyer funds.