A New York federal judge on Tuesday denied FTX founder Sam Bankman-Fried’s request to dismiss most of the criminal charges he faces over the collapse of the crypto exchange, setting the stage for him to go to trial in October.
U.S. District Judge Lewis Kaplan ruled Bankman-Fried’s arguments to toss 10 of the 13 counts against him lacked merit, allowing the Justice Department’s case to move forward.
Federal prosecutors in Manhattan charged Bankman-Fried, 31 years old, in December with stealing billions of dollars from FTX customers while misleading investors and lenders. The charges included fraud, money laundering and a conspiracy to commit campaign-finance violations.
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