NEW YORK: A US judge on Thursday granted a request from prosecutors to try some of their charges against Sam Bankman-Fried in a second trial next year separate from his scheduled Oct 2 trial over the collapse of now-bankrupt cryptocurrency exchange FTX.
The onetime billionaire has pleaded not guilty to 13 fraud and conspiracy charges. An initial eight-count indictment filed in December accused him of stealing billions of dollars from FTX customers to plug losses at his Alameda Research hedge fund, lying to investors and lenders, and violating US campaign finance laws.He had asked Kaplan to dismiss the five post-extradition charges, along with the campaign finance charge, because the Bahamas did not consent to them.
The campaign finance charge will still be part of Bankman-Fried's Oct 2 trial, according to Kaplan's order. In a hearing earlier on Thursday in Manhattan federal court, Kaplan appeared skeptical of Bankman-Fried's push to dismiss the charges, saying the former crypto star may lack standing to invoke the extradition treaty.
Source: Digital Coin News (digitalcoinnews.net)
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