January 3, 2023 2:44pm EST
FTX founder Sam Bankman-Fried pleads not guilty
The fallen crypto mogul appeared before a judge in New York
By Breck Dumas , Marta Dhanis FOXBusiness
FTX founder Sam Bankman-Fried pleaded not guilty Tuesday to the array of federal charges he faces for allegedly defrauding customers and investors in connection with the collapse of his cryptocurrency empire.
The 30-year-old entrepreneur stood in person at the U.S. District Court in Manhattan before Judge Lewis A. Kaplan, after his request to appear remotely for the arraignment hearing was denied. Bankman-Fried did not speak but entered his plea through his attorneys.
Bankman-Fried's latest court appearance comes less than two weeks after he was released from federal custody when his parents agreed to sign a $250 million personal recognizance bond and keep him at their Palo Alto, California home on electronic monitoring while he awaits trial.
Bankman-Fried's mother, Barbara Fried, was also present in the courtroom Tuesday.
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