FTX crypto boss Sam Bankman-Fried fought through crowds outside court on Tuesday morning ahead of his first US court appearance following his arrest.
Accused of stealing investor funds from his crypto currency FTX in order to cover outstanding loans taken out by its sister hedge funds.If found guilty, the charges could see him face up to 115 years in prison.
Mr Bankman-Fried’s parents, both of whom are law professors teaching at Stanford University, co-signed his bond and ensured his detention under house arrest.
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Disgraced FTX founder Sam Bankman-Fried pleads not guilty to fraudSam Bankman-Fried's star-studded cryptocurrency exchange FTX spectacularly collapsed two months ago. Its downfall was quickly followed by the arrest of its founder, who stands accused of 'one of the biggest financial frauds in American history'.
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Sam Bankman-Fried pleads not guilty to criminal charges over FTX collapse\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
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Sam Bankman-Fried pleads not guilty to fraud'King of Crypto' Sam Bankman-Fried could face more than 100 years in prison if convicted.
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