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SBF Pleads Not Guilty To New Charges, Complains About Jail Food

Disgraced FTX founder Sam Bankman-Fried has pleaded not guilty to seven new charges brought against him in a Manhattan federal court on Tuesday. 

The FTX founder was making an appearance in court after spending ten days in jail and also raised complaints about the food being served in jail.

SBF Pleads Not Guilty To New Fraud And Conspiracy Charges

The new charges, all related to fraud and conspiracy, were handed down on the 14th of August after prosecutors alleged that Bankman-Fried had used over $100 million of stolen customer funds and assets to donate to electoral candidates and politicians. The court had revoked his earlier bail after the United States Department of Justice alleged that the former CEO had repeatedly tried to influence witnesses and interfere with a fair trial through public shaming and harassment. This was Bankman-Fried’s first court appearance since his bail was revoked on the 11th of August. Since then, SBF has been in custody at the Metropolitan Detention Centre in Brooklyn.

According to data from the Federal Election Commission, Bankman-Fried had reportedly given over $40 million in political donations in 2022. Other big donors from Bankman-Fried’s circle included Ryan Salame, former co-CEO, and Nishad Singh, the former director of engineering at FTX. Federal Election Commission data showed that Salame had donated over $23 million almost exclusively to Republican candidates and related PACs. Meanwhile, Nishad Singh had given around $8 million during the 2022 midterm election cycle.

Complaints About Jail Food

During his hearing, lawyers representing SBF informed the federal court that jail authorities had failed to provide him with a vegan diet as he had requested. Mark Cohen, the lawyer representing the former billionaire, stated that the lack of adequate food at the Brooklyn Metropolitan Detention Centre was hampering Bankman-Fried’s preparations for his trial, which is set to begin in October. Mr. Cohen also told the court that his client was not provided with the attention deficit hyperactive disorder (ADHD) drug Adderall. He also added that his client’s supply of Emsam, used to treat depression, was running low.

Judge Sarah Netburn assured Mr. Cohen that she would ask the United States Justice Department’s Bureau of Prisons, which is in charge of running the jail, to address concerns related to SBF’s medication. She added that while she was reasonably confident that the prison offered vegetarian food, she was unsure if vegan food was available. Meanwhile, the Bureau of Prisons released a statement saying all inmates had access to appropriate medicines, healthcare, and hot meals. It further added that the facility ensures the provision of nutritionally healthy meals and follows the requirements of a national menu that is analyzed to ensure all dietary requirements are met.

Following the hearing, Bankman-Fried sought support from his mother, speaking to her at length.

“After the hearing, Bankman-Fried spoke to his mother, Stanford Law School Professor Barbara Fried, across the low partition between the courtroom well and the galley.”

Preparations Underway For October Trial

Meanwhile, Sam Bankman-Fried and his legal team are working hard in preparation for his trial, set to begin in October. Lawyers representing SBF had even requested that he be allowed to stay out of jail on weekdays, arguing that this would allow them to focus on building a defense for the disgraced FTX founder. The judge refused to grant this request.

However, on the 22nd of August, Bankman-Fried was granted a short release from prison from 8:30 am to 3 pm. During his release, he was present in a supervised courtroom with his lawyers as they prepared for the upcoming trial. Meanwhile, the jury has also been issued guidelines by prosecutors on how to approach the trial. According to the guideline, the jury has to treat each of the seven charges differently. They were also requested not to let their verdict on one charge influence their decision on any of the other six charges.

FTX was the second-largest cryptocurrency exchange, valued at around $32 billion. However, its bankruptcy sent shockwaves through the crypto and financial world and impacted several projects

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11 COMMENTS

  1. Is the mark Cohen who is representing him the very same Mark Cohen who went to jail for being a dodgy, nasty and corrupt man???????? and was for a time Trump’s lawyer and turned against him??? Or are there other Mark Cohens lawyers around? If he is the same man, then he is nothing more than this Sam Bankman-Fried deserves.

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  2. Looking at Republican Presidential candidate, Vivek Ramaswamy. Said all the right words.
    Is he as good as he appears? I first thought he was, and he turned in some very good top notch sound bites of issues of the Republican candidates debate.
    But;??? Pump & Dump Scamster now has his own Big Pharma & Gene tech. ….. hmmmm …
    But they call it “follow the science”

    Exposing a Multibillion Dollar FRAUD | Ft. Vivek Ramaswamy for President.
    https://youtu.be/59qQfV2_9w4
    17 mins 20 secs : 6th August 2023 : Meet Kevin.

    💂‍♀️Kevin is a licensed financial advisor, is a real estate broker, runs an actively managed ETF, and comments on finance, politics, and news. Kevin’s content does not serve as personalized one-on-one financial advice.💂‍♀️

    How much do you trust this advisor? Is it now “Set a thief a thief to catch a thief” as some one who knows to set this up.
    Certainly sniffing a pretty bad pungent odour about Vivek.

    …. Is Vivek Ramaswamy a scam. Vivek Ramaswamy history. How Vivek Ramaswamy made his money. Is Vivek Ramaswamy a billionaire? What is Riovant. VTAMA. Scam. Fraud.
    00:00 Setting up the Scam.
    07:27 How to Trick Wall Street & Investors [RIGGING].
    12:31 Today’s Scam: Riovant [ROIV] …

    Would it be if Biden can be voted President, any one can?

    Take a quick look & see when googling just Axovant that seems to confirm that above Utube clip.
    https://www.google.com/search?q=axovant&sca_esv=559695874&rlz=1C1GGRV_enNZ751NZ751&sxsrf=AB5stBgh-Ozz3KWn7W04B1jOL28FdZhqkg:1692877352455&ei=KELnZPihG9a12roPr-WV6Ag&start=10&sa=N&ved=2ahUKEwj41fbJm_WAAxXWmlYBHa9yBY0Q8tMDegQIAhAE&biw=1280&bih=621&dpr=1.5

    Like the curates egg, good in parts, as a salesman always makes sure you can agree with certain points, to make “whatever” medicine go down.
    Careful Trump, in what you may be paired up with by the Rhinos, to be pushed close to your bosom.

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    • The Pump & Dump scamster now attacks back to expose his exposer.
      An attack on the messenger but the Vivek team does not answer the money wheeling & dealing.

      Vivek Ramaswamy *JUST* Responded to Me [Spoiler: It’s BAD]
      https://youtu.be/uBf5Cnal9m4
      19 mins 17 secs : Aug 17th 2023 : Meet Kevin

      00:00 Background on the Fraud.
      04:30 My [Meet Kevin] Screwups.
      08:00 Vivek is the Sam Bankman Fried.
      09:00 Vivek’s Response.

      The positioning of Vivek into Repubicians, as can be gleaned by this short article written by him in 2022,
      Though to unravel it, seems to damm some thing with ‘faint praise’? Ingratiating?

      …. This is how the woke left wins — not with a bang, but with a whimper.
      Not by winning a battle of arguments with the other side, but by getting the other side to adopt its own values and methods without even realizing it, even as they continue to battle one another. …

      https://www.politico.com/news/magazine/2022/09/12/republicans-victimhood-mythology-elections-00055908

      Like the curates egg, good in parts, as a salesman always makes sure you can agree with certain points, to make “whatever” medicine go down.

      Seems to be slip streaming on Trump.? & now looking to be very slippery?
      Will this bubble be burst, but then see how long & still covering up on the 10% to the “Big Man”, in that political judiciary world.

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    • The money involved in Big Pharma is mind boggling while all of our own NZ politicians chant “You must follow the Science”.
      Supposedly guided by Public Health officials who as techno-bureau-crats have become authorities of the “Science” giving them the power & control, to whip the people into alignment.

      Bear in mind similiar things get a pass like “Purdue Pharma” coining $billions as it did for decades with its claims about how safe OxyContin was as a pain-killer.
      The Sackler family have now got Court immunity for 6 $billion payment & Purdue Pharma went into bankruptcy this year.
      The Sackler Family lives ok with 11 $billion left over.
      You can confirm this in googling “Dopesick” which is the book & a mini TV series from those brief summary paragraphs for the links.

      So although it seems they were caught, & much legal costs, etc., odium, and some fines, for the Sackler Family, it was a success.
      A few changes & you wouldn’t know them!
      Rinse & Repeat.

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    • Thanks wg.
      wants to be President
      Why am I surprized? //
      Is it Vivek’s bravado?

      Seeing how it was done for Biden?

      Knowing he has hidden players, like those “hedge fund” “wall street” subversive operators.

      Now Vivek has wriggled his way into the Deep State, aided & abetted by academia & the media, that will cover for him, & make him just as “untouchable” as Biden, Kamala & Hunter.
      The dark shadows of power, Soros, Murdoch, Gates, Clintons, & Obama, and followers that fall into their enriching orbit.

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  3. I’m not into validating eating disorders, but apart from that, I think this fried Bank guy is absolutely brilliant.

    I mean, anybody who can convince millions of people and corporations worldwide that they can literally just magic up money out of nothing and then build this fantasy up to billions of actual dollars has to be one helluva dude and he should be venerated rather than persecuted.

    I think he is a victim of the evil capitalist cabal which is acting to stop the banks being fried and for this reason he should be released immediately and his talent should be employed for the good of the planet – maybe as a carbon ambassador for Ukraine or something similar where his true genius can be allowed to shine.

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    • The “hidden persuaders” includes victimhood? 🙂

      This whole world has become PT Barnum’s circus.
      But PT Barnum knew the difference between his circus of entertainment of fun, & the real world where his customers needed to work to gain the $ to pay to enter his tent.

      What we are expected to swallow whole, now swallows us whole.

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