Former FTX CEO Sam Bankman-Fried is due to appear in court on Jan. 3 to file a complaint against both the charges. Fraud through Electronic Communications and six counts of conspiracy related to the collapse of FTX, according to Reuters. report on December 28, citing court records that Bankman-Fried will appear before District Judge Lewis Kaplan in Manhattan.
Judge Kaplan was assigned to the case on Dec. 27 after former judge Ronnie Abrams withdrew due to FTX’s connection to the law firm Davis Polk & Wardwell, in which her husband is a partner. And used to be a consulting firm for FTX in 2021.
Kaplan was nominated by U.S. President Bill Clinton in 1994 and was known for his straightforward work and effective courtroom procedures.
Bankman-Fried had said several times prior to his arrest that He did not believe he was held criminally liable for his actions as CEO of FTX, referring to John Ray, who succeeded Bankman-Fried CEO at FTX. in considerationof the Financial Services Committee of the United States House of Representatives that “I don’t find that statement to be credible.”
Currently Bankman-Fried Lives with his parents in California. With $250 million in bail, partly funded by his parents’ house. with several other conditions of release. Bankman-Fried including assessment and treatment of mental health and substance abuse
Caroline Ellison and Gary Wang, his fellow members at FTX and Alameda Research, have previously pleaded guilty to the allegations and have agreed to cooperate with the lawsuit.
Nishad Singh, former director of engineering, and Sam Trabucco, former co-CEO of Alameda Research and Ellison, who left on Aug. 24, have not been charged.
The post Former FTX CEO Sam Bankman-Fried scheduled to appear in court on Jan. 3 appeared first on Bitcoin Addict.