Bankman-Fried, 30, is accused of illegally diverting massive sums of customer money from FTX to make lavish real estate purchases, donate money to politicians and make risky trades at Alameda Research, his cryptocurrency hedge fund trading firm.
Wearing a backpack, Bankman-Fried marched through a crush of cameras as he entered the courthouse on a rainy day to make his first appearance before Kaplan. After taking a plea during the arraignment, Kaplan discussed with lawyers a schedule for proceeding toward a trial. As a result, the lawyers requested that the names be redacted on court documents for the two individuals who were lined up to sign Bankman-Fried's $250 million personal recognizance bond. Bankman-Fried was released with electronic monitoring about two weeks ago on the condition that he await trial at his parents' house in Palo Alto, California.
Crazy
Of course 🤔
Hope Sam get’s hit hard if he is found guilty… might put the fear into people who manipulate the markets!
sure thing 🙄
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