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Fortune
Fortune
Larry Neumeister, The Associated Press

FTX founder Sam Bankman-Fried is about to make his first US court appearance as he faces decades in prison

FTX Sam Bankman-Fried United States Prison Alameda
Sam Bankman-Fried (Credit: AP Photo/Rebecca Blackwell)

The cryptocurrency entrepreneur Sam Bankman-Fried was expected to make his initial U.S. court appearance Thursday on charges that he swindled investors and looted customer deposits on his FTX trading platform.

Bankman-Fried, arrested in the Bahamas last week, was flown to New York late Wednesday after deciding not to challenge his extradition.

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