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FTX founder Sam Bankman Fried is scheduled to be arraigned and enter a plea in federal court in Manhattan next Tuesday on criminal charges alleging wire fraud, money laundering and campaign finance violations, according to court documents filed on Wednesday.
The 30-year-old is accused of stealing billions of dollars in customer and investor funds through his Bahamas-based crypto exchange, FTX, as well his hedge fund Alameda Research.
Bankman-Fried was extradited from the Bahamas last week. He was later released on a $250 million bond to his parents’ home in California.
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