A federal judge, Lewis Kaplan, has denied Sam Bankman-Fried’s motion to dismiss or sever most of the criminal charges he faces. Bankman-Fried, the co-founder of FTX, had asked for the dismissal of the charges, arguing that some violated laws against charging a defendant with the same crime twice. However, Kaplan deemed the motions “moot or without merit.” Bankman-Fried is currently facing over 100 years in prison if convicted on all counts, including fraud-related charges. He is accused of using customer assets to make failed investments. Bankman-Fried is currently under house arrest at his parents’ home. The criminal trial is scheduled for October, but Bankman-Fried’s lawyers have requested a delay. Kaplan also rejected Bankman-Fried’s request to dismiss fraud charges related to his alleged use of customer assets, stating that economic loss was apparent. Additionally, Kaplan rejected the argument that additional charges brought since Bankman-Fried’s extradition from The Bahamas violate the extradition treaty between the two countries.
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