USA-FTX founder Bankman-Fried pleads not guilty to fraud

NEW YORK, Jan 3 (Reuters) – FTX founder Sam Bankman-Fried pleaded not guilty on Tuesday to fraud charges related to the fall of the crypto-asset platform, according to a statement from his lawyer in court. in Manhattan, New York. .

Sam Bankman-Fried, who faces up to 115 years in prison, was placed on probation on Dec. 22 on $250 million bond at the California home of his parents, both professors at Stanford Law School.

Federal prosecutors in New York accuse 30-year-old Sam Bankman-Fried of embezzling billions of dollars through a scheme to use funds from FTX customers to pay debts and make investments.

Sam Bankman-Fried, who was arrested in December in the Bahamas at the request of the US authorities and then extradited, previously admitted shortcomings in the management of FTX, but which, according to him, do not fall under the criminal law.

Two of his top associates pleaded guilty last month, bolstering prosecutors’ case.

(Reporting by Jack Queen and Luc Cohen, with Jonathan Stempel; French version by Jean Terzian, narrated by Matthieu Protard)

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