FTX Founder & Lawyers Asks That Charges Be Dismissed

Top news right now: FTX founder and Democrat super donor, Sam Bankman-Fried, has asked a federal court in Manhattan to dismiss most of the criminal charges against him, including fraud, conspiracy, campaign finance law violations, and money laundering. Bankman-Fried’s lawyers argued that the charges failed to state an offense. In November 2022, his cryptocurrency exchange, FTX, collapsed, claiming it faced an $8 billion shortfall and requiring emergency funding. The FTX founder’s hedge fund, Alameda Research, also shut down, and the exchange filed for bankruptcy. Bankman-Fried was later arrested in the Bahamas in December and pleaded not guilty to charges of wire fraud and money laundering. The disgraced FTX founder will face trial in October. For more on this story, hit the link in the bio.

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