The founder of Futures Exchange (FTX), Sam Bankman-Fried, has pleaded not guilty to the eight different charges brought against him by the U.S prosecutors.
Bankman-Fried faces charges on conspiracy to commit wire fraud on customers; wire fraud on lenders; commodities fraud; securities fraud; money laundering; and conspiracy to defraud the U.S. and violate campaign finance laws.
He was the second-largest individual donor for Joe Biden’s presidential campaign, handing out $5.2 million. Also, Bankman-Fried was accused of fraudulently raising $1.8 billion from investors since May 2019, out of which $1.1 billion was provided by 90 U.S.-based investors.
