Indicted FTX founder Sam Bankman-Fried arrives at america Courthouse in New York Metropolis, July 26, 2023.
Amr Alfiky | Reuters
Prosecutors have determined towards pursuing a second trial towards disgraced FTX founder Sam Bankman-Fried.
In November, a jury has discovered the previous FTX chief government responsible of all seven prison counts towards him.
Bankman-Fried, the 31-year previous son of two Stanford authorized students and graduate of the Massachusetts Institute of Expertise, was convicted of wire fraud and conspiracy to commit wire fraud towards FTX clients and towards Alameda Analysis lenders, conspiracy to commit securities fraud and conspiracy to commit commodities fraud towards FTX buyers, and conspiracy to commit cash laundering.
He had pleaded not responsible to the costs, which had been all tied to the collapse of FTX and sister hedge fund Alameda late final yr.
The FTX founder faces greater than 100 years in jail. His sentencing listening to is ready for March 28.
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