Judge denies SBFs attempt to dismiss criminal charges due to insufficient merit

By Lola Coin Jun 27, 202361Views

A federal judge has rejected the motions presented by former FTX CEO Sam Bankman-Fried’s legal team to dismiss all but three of the criminal charges against him. As a result, Bankman-Fried will face a total of 13 criminal counts across two separate trials scheduled for October 2023 and March 2024. The judge’s decision came in response to a motion filed by Bankman-Fried’s legal team on May 8, seeking the dismissal of 10 out of the 13 charges. The judge cited relevant precedents from the U.S. Court of Appeals for the Second Circuit to largely reject the basis for these motions. The allegations against Bankman-Fried relate to the collapse of FTX and the illegal use of funds from investors in FTX and Alameda Research for personal gain. Bankman-Fried has pleaded not guilty to all charges, while three former employees have admitted guilt and implicated him in the alleged misconduct.

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