Sam Bankman-Fried is beginning 2023 the same way he closed out 2022: claiming he’s done nothing wrong
Bahamian prison where he spent a week just after his arrest — and by all accounts, he’s going to do everything he can to keep it that way.
The not-guilty plea was expected. SBF has maintained that the alleged fraud at the center of his companies’ collapse — in which customer deposits were transferred to Alameda Research without people’s knowledge in order for Bankman-Fried’s hedge fund to make wild bets on his own artificially valued companies — was really nothing more than the result of shoddy record-keeping and a mislabeled folder on a computer.
Bankman-Fried’s trial, which is set to start on October 2, will likely take years before it reaches any conclusion. . It’s a highly, and the lack of professional bookkeeping at FTX makes the question of where everyone’s money went even more byzantine.
Sam Bankman-Fried's lawyer, Mark Cohen, filed a motion this morning requesting that the court redact the identities of the two non-family bail sureties.
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