Who is Sam Bankman-fried?

NEW YORK, Oct 3 (Reuters) - Sam Bankman-Fried is set to go on trial on Tuesday on fraud and conspiracy charges related to the collapse of FTX, the now-bankrupt cryptocurrency exchange he founded and led. The 31-year-old former billionaire has pleaded not guilty. Below is an explanation of the seven charges he faces.

How many criminal charges did John Bankman-Fried Face?

Bankman-Fried now faces 12 criminal charges, including four for fraud and eight for conspiracy, up from eight charges in an earlier indictment, to which he has pleaded not guilty. Prosecutors have accused Bankman-Fried of stealing billions of dollars in FTX customer funds to plug losses at Alameda Research, his crypto-focused hedge fund.

When is FTX founder Sam Bankman-fried's trial?

FTX founder Sam Bankman-Fried's trial is about to start. Here's what you need to know Former FTX CEO Sam Bankman-Fried arrives for a bail hearing at Manhattan Federal Court in New York City on Aug. 11, 2023. Bankman-Fried is set to start his blockbuster trial on Tuesday. It's expected to last about six weeks.

What did Judge Kaplan say about Sam Bankman-fried?

Three days into Sam Bankman-Fried’s criminal trial in Federal District Court in Manhattan, Judge Lewis A. Kaplan’s warnings to the defense had become unmistakable. Judge Kaplan, who is presiding over the high-profile white collar fraud case, repeatedly told Mr. Bankman-Fried’s lawyers to stop repeating themselves.