FTX founder Sam Bankman-Fried lands in US for first court appearance

By Washington Examiner
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Sam Bankman-Fried - 122222
This photo illustration shows the logo of cryptocurrency FTX, reflected in an image of former chief executive Samuel Bankman-Fried, in Washington, DC, on November 13, 2022. – The new chief executive of troubled cryptocurrency platform FTX said on November 12, 2022, the company was making “every effort to secure all assets” following unauthorized transactions potentially worth hundreds of millions of dollars. Additionally, the platform’s chief executive, 30-year-old Sam Bankman-Fried, once considered a star in the freewheeling cryptocurrency world, resigned. (Photo by Stefani Reynolds / AFP) (Photo by STEFANI REYNOLDS/AFP via Getty Images) STEFANI REYNOLDS/AFP via Getty Images

FTX founder Sam Bankman-Fried lands in US for first court appearance

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FTX founder and former CEO Sam Bankman-Fried landed in the United States on Thursday for his first court appearance.

Bankman-Fried was extradited from the Bahamas on Wednesday, and he faces an eight-count indictment from federal prosecutors in New York. His initial court appearance is expected to occur sometime on Thursday.

FTX’S SAM BANKMAN-FRIED AGREES TO EXTRADITION FROM BAHAMAS SO HE CAN FACE MUSIC IN US

The cryptocurrency mogul faces charges of conspiracy to commit wire fraud on customers and lenders, conspiracy to commit money laundering, conspiracy to commit commodities and security fraud, a separate wire fraud on customers and lenders, violating campaign finance laws, and conspiracy to defraud the United States.

If convicted, he could face up to 115 years in prison.

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