FTX founder Sam Bankman-Fried’s trial is all set to begin tomorrow, i.e. on Oct. 3, 2023, in a federal courtroom in Manhattan. He currently faces up to 115 years behind bars. The executive faces fraud and conspiracy accusations related to the operation and subsequent collapse of FTX. Unlike his colleagues, the FTX founder has pleaded ‘not guilty’ against all charges against him.
Also Read: Sam Bankman-Fried: Being Sent to Jail Violates ‘Free Speech Right’
Bankman-Fried was granted a $250 million bail towards the end of Q4 2022. That had been recognized as the highest pre-trial bail bond in the history of the U.S. In August, U.S. prosecutors asked the court to revoke Bankman-Fried’s $250 million bond. The executive was shortly taken into custody after his lawyers failed to convince the judge not to jail him ahead of trial. Nevertheless, a few days go, his attempt to get out of jail before the start of the trial was rejected by the court. However, his lawyers continued to
