SBF Pleads Not Guilty to 8 Criminal Counts | Could Face Up to 115 Years

Former FTX CEO Sam Bankman-Fried has pleaded not guilty to the eight criminal counts he faces after the collapse of FTX and accusations of misusing customer funds. If convicted, SBF could serve 115 years in prison.

  • Sam Bankman-fried has pleaded not guilty to the eight criminal counts he faces; if convicted, he could serve 115 years behind bars.
  • United States Attorney’s Office in the Southern District of New York has formed an “FTX Task Force.”
  • The Department of Justice seized 56 million shares of Robinhood tied to FTX and SBF, worth around $468 million.
  • Many following the case fear the possibility of SBF striking a deal or plea bargain.

Former FTX CEO Sam Bankman-Fried has pleaded not guilty to the eight criminal counts, including wire fraud, securities fraud, and violations of campaign finance laws that he faces after the collapse of FTX and accusations of misusing customer funds. If convicted, SBF could serve 115 years in prison. Daniel Friedberg, a lawyer who served as …

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