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Sam Bankman-Fried Arrives at New York Court to Face Charges

Posted

January 3, 2023

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Disgraced crypto mogul Sam Bankman-Fried’s plan to plead not guilty to criminal charges will lay the foundation for one of the most high-profile white collar fraud trials in recent years.

While the plea, which will likely be entered Tuesday, was not unexpected, it buys the 30-year-old more time, legal experts say. Bankman-Fried will get a better idea on the evidence prosecutors have against him and plan his next move – negotiate or fight. The plea puts the case on track for a lengthy trial, which could span several weeks and not start for at least a year.

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Sam Bankman-Fried Arrives at New York Court to Face Charges · Bloomberg News · Sentinel