FTX Co-Founder Faces ‘No-Nonsense’ Judge Next Week, Report Says SBF ‘Expected to Enter a Plea’ in Fraud Case
According to court documents, Sam Bankman-Fried (SBF) is set to be arraigned by the federal court in the Southern District of New York (SDNY) on Jan. 3, 2023. The disgraced FTX co-founder plans to enter a plea in his fraud case in front of U.S. judge Lewis Kaplan in Manhattan, according to a report published […]
According to court documents, Sam Bankman-Fried (SBF) is set to be arraigned by the federal court in the Southern District of New York (SDNY) on Jan. 3, 2023. The disgraced FTX co-founder plans to enter a plea in his fraud case in front of U.S. judge Lewis Kaplan in Manhattan, according to a report published by Reuters.
Report Claims FTX Co-Founder Sam Bankman-Fried ‘Expected to Enter a Plea Next Week,’ Criminal Defense Attorney Says Feds Have a Case With ‘Very Few Holes’
Just recently, the judge that was presiding over Sam Bankman-Fried’s (SBF) fraud case, judge Ronnie Abrams, withdrew from the case citing a conflict of interest. It seems Abrams husband, Greg Andres, was reportedly an FTX adviser last year. Andres is a partner at the white-shoe, international law firm headquartered in New York City, Davis Polk & Wardwell. Following Abrams’s withdrawal from SBF’s case, the judge has been replaced by judge Lewis Kaplan.
The 78-year-old Kaplan has been called a “no-nonsense” judge who has presided over a number of high-profile cases involving individuals like the 45th president of the United States, Donald Trump, and Prince Andrew, Duke of York. On Dec. 28, 2022, Reuters reported that when SBF faces judge Kaplan, the FTX co-founder is expected to submit a plea during his arraignment.
“Sam Bankman-Fried is expected to enter a plea next week to criminal charges,” Reuters contributor Jonathan Stempel wrote on Wednesday. Court documents show that SBF is scheduled to see judge Kaplan on Jan. 3, 2023, in Manhattan’s federal court.
The news follows the recent unsealed testimony from Caroline Ellison, the ex-CEO of Alameda Research. Ellison is currently working with federal law enforcement officials, and in her testimony she described a number of fraudulent acts she says she participated in since 2019.
SBF is flying first class to California. But at least he’s not flying private
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