Sa. Apr 13th, 2024

• Sam Bankman-Fried, the founder and former CEO of FTX, has pleaded not guilty to criminal charges related to the collapse of the exchange.
• Lawyers for Bankman-Fried complained about his holding conditions at the Metropolitan Detention Center in Brooklyn, NY.
• The lawyers also requested conditions that would allow Bankman-Fried to more easily access the Internet to review evidence.

Sam Bankman-Fried Pleads Not Guilty

Sam Bankman-Fried, founder and former CEO of FTX, has pleaded not guilty in regards to criminal charges brought against him in connection with the collapse of his exchange. He appeared for his first hearing since bail was revoked early August before Magistrate Judge Sarah Netburn. The amended indictment contained fraud and money laundering conspiracy charges which he denied as well.

Lawyers Raise Complaints

Bankman-Fried’s lawyers raised complaints about his holding conditions at the Metropolitan Detention Center in Brooklyn, NY. They sought out conditions that could more easily enable him access the Internet for reviewing evidence connected to his case.

Vegan Diet & Prescription Medications

The lawyers also pressed for conditions that will allow Bankman-Fired to be able access vegan diet and prescription medications during his stay at MDC which are necessary for his health needs.

Bail Revoked Early August

Bankman Fried had initially been placed on a $10 million bond after being charged with wire fraud in June 2020 but this was revoked early August following alleged violations of some provisions attached to it like restrictions on computer usage and foreign travels without prior approval from court authorities or prosecutors’ office respectively.

Concluding Remarks

This article provided an update on Sam Bankman-Fired’s case as he pleaded not guilty yet again; this time before Magistrate Judge Sarah Netburn for fraud and money laundering conspiracy charges brought against him following allegations that he violated provisions attached to an earlier $10 million bond set by court authorities back in June 2020. His lawyers further raised complaints about his holding condition while asking for permission that allows him easier access to vegan diet and prescription medications needed for maintaining good health while staying at MDC prison facility

Von admin