FTX Founder Sam Bankman-Fried Pleads Not Guilty to Fraud
TimeMAR 17 2023
A plea of not guilty was Bankman-Fried’s only choice at this point because prosecutors don’t seem inclined to work with him now that they have Ellison and Wang on their side. But the government’s plea agreement with Bankman-Fried, who already admitted he made mistakes that he didn’t think were criminal, hints at something else that might happen before he gets to trial.
People in power often cross ethical bridges to protect themselves and their friends. Bankman-Fried was a major political donor. White House logs reveal he met with Biden administration officials four times in 2022. It won't be surprising if prosecutors strike a plea deal with Bankman-Fried and hide whatever role he played in the FTX fraud to protect the highest echelons of government power.