Sam Bankman-Fried Wants Court To Dump His Fraud Case

Lawyers for FTX founder Sam Bankman-Fried on Monday filed motions to dismiss the US government’s fraud charges against him, Kara Scannell and Allison Morrow reported for CNN.

Photo Insert: Bankman-Fried’s attorneys said the government failed to properly explain what offenses the former CEO of the bankrupt crypto exchange committed.

Bankman-Fried’s attorneys said the government failed to properly explain what offenses the former CEO of the bankrupt crypto exchange committed.

They urged the judge to toss most of the charges against him, which include fraud and bribery. Bankman-Fried has pleaded not guilty to the 13 charges, David Goldman also reported for CNN.

Prosecutors allege that Bankman-Fried stole FTX customer deposits to finance risky bets at his hedge fund, Alameda Research, and to funnel contributions to American politicians.

FTX had been one of the most respected and recognized crypto platforms before it collapsed into bankruptcy in November. The government has two weeks To respond to the motions from Bankman-Fried’s lawyers. The judge has called the next hearing for June 15.

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