“Varney & Co.” options Fox Information authorized analyst Gregg Jarrett as he discusses the proof in opposition to former FTX CEO Sam Bankman-Fried and the way a lot of the stolen cash could possibly be retrieved.
FTX founder Sam Bankman-Fried pleaded not responsible Tuesday to the array of federal fees he faces for allegedly defrauding clients and buyers in reference to the collapse of his cryptocurrency empire.
The 30-year-old entrepreneur stood in individual on the U.S. District Courtroom in Manhattan earlier than Decide Lewis A. Kaplan after his request to seem remotely for the arraignment listening to was denied. Bankman-Fried didn’t converse however entered his plea via his attorneys.
Former FTX chief government Sam Bankman-Fried, middle, arrives to enter a plea in Manhattan federal court docket, New York, Jan. 3, 2023. (Ed Jones/AFP by way of Getty Pictures / Getty Pictures)
Bankman-Fried’s newest court docket look comes lower than two weeks after he was launched from federal custody when his dad and mom agreed to signal a $250 million private recognizance bond and hold him at their Palo Alto, California, dwelling on digital monitoring whereas he awaits trial.
FTX BANKRUPTCY BATTLE INTENSIFIES AS BAHAMAS REGULATOR FIRES BACK AT CEO
Bankman-Fried’s mom, Barbara Fried, was additionally current within the courtroom Tuesday.
Former FTX chief government Sam Bankman-Fried, middle, together with his mom, Barbara Fried, arrives to enter a plea in Manhattan federal court docket, New York, Jan. 3, 2023. (Ed Jones/AFP by way of Getty Pictures / Getty Pictures)
Forward of the listening to, Bankman-Fried’s protection crew filed a letter movement asking the decide to permit the names and figuring out info of two different individuals who helped safe his bail to stay hidden for his or her security and privateness.
“In current weeks, Mr. Bankman-Fried’s dad and mom have turn into the goal of intense media scrutiny, harassment, and threats,” legal professional Mark Cohen wrote within the submitting. “Consequently, there’s severe trigger for concern that the 2 further sureties would face comparable intrusions on their privateness in addition to threats and harassment if their names seem unredacted on their bonds or their identities are in any other case publicly disclosed.”
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Kaplan granted the request to maintain the names and addresses of the 2 further co-signers personal, however he cautioned that he made the ruling with out prejudice to any future purposes from press or the general public to launch that info.
FOX Enterprise’ Danielle Wallace and Greg Norman contributed to this report.
