By Luke Cohen
NEW YORK (Reuters) – A U.S. choose on Tuesday rejected Sam Bankman-Fried’s bid to drop the felony prices towards him, paving the way in which for the now bankrupt cryptocurrency alternate FTX’s founder to face trial. from October 2.
Manhattan federal prosecutors say Bankman-Fried, 31, stole billions of {dollars} in funds from FTX purchasers to make up for losses at his hedge fund, Alameda Analysis, deceived buyers and lenders and illegally contributed to campaigns American insurance policies on behalf of his colleagues.
The previous billionaire has pleaded not responsible. He admitted to insufficient threat administration at FTX, however denies stealing funds.
In Might, Bankman-Fried requested U.S. District Decide Lewis Kaplan to dismiss at the least 11 of 13 fraud and conspiracy prices he confronted.
He argued some had been based mostly on a authorized concept of fraud that was struck down by the US Supreme Court docket, and a few had been wrongfully introduced in with out consent from the Bahamas, the place he was arrested in December and extradited to the US.
“The arguments are both moot or with out advantage,” Kaplan wrote in a call Thursday.
A spokesperson for Bankman-Fried didn’t instantly reply to a request for remark.
