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Sam Bankman-Fried to Plead Not Guilty to Bribery, Campaign-Finance Charges: Reuters

The FTX founder previously pleaded not guilty to eight charges of fraud and conspiracy and is awaiting trial in October.

Na-update Mar 30, 2023, 2:54 p.m. Nailathala Mar 30, 2023, 11:13 a.m. Isinalin ng AI
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Sam Bankman-Fried, the founder of bankrupt crypto exchange FTX, will plead not guilty on charges of trying to evade campaign-financing laws and attempting to bribe one or more Chinese government officials, Reuters reported on Thursday.

Bankman-Fried previously pleaded not guilty to eight charges of fraud and conspiracy and is awaiting trial in New York in October.

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With the addition of accusations of attempting to evade campaign-finance laws and bribery of Chinese government officials, Bankman-Fried now faces a 13-count indictment.

Along with charges of fraud, prosecutors accused Bankman-Fried in February of conspiracy of make unlawful political contributions.

Bankman-Fried is accused of trying to bribe one or more Chinese government officials with around $40 million worth of crypto in an attempt to unfreeze certain accounts of his trading firm Alameda Research, which also filed for bankruptcy.

Lawyers for Bankman-Fried didn't immediately respond to a request for comment.

A one-time billionaire, Bankman-Fried was arrested in December. He is free on bail residing at his parents' home in Palo Alto, Calif., following a $250 million bond. As part of the conditions of his bail, he has been given a new phone without internet access and a new laptop that can access only approved websites.

Read more: How Effective Altruism Power Brokers Helped Make Sam Bankman-Fried

UPDATE (March 30, 14:50 UTC): Adds paragraph on CoinDesk's request for confirmation from Bankman-Fried's lawyers.






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