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Tribune News Service
Tribune News Service
National
Molly Crane-Newman

FTX founder Sam Bankman-Fried pleads not guilty in court to stealing billions from clients

FTX BankmanFried Manhattan Alameda Research New York

NEW YORK — FTX founder Sam-Bankman-Fried pleaded not guilty in the multibillion-dollar fraud case against him in Manhattan federal court on Tuesday.

The 30-year-old entered a plea of not guilty to two counts of wire fraud and six counts of conspiracy, including conspiring to launder money and violating campaign finance laws.

Bankman-Fried is accused of steering billions of dollars that flowed through his cryptocurrency exchange platform, FTX, where users could trade currencies, to his crypto trading firm, Alameda Research.

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