by Luc Cohen

NEW YORK (Reuters) – A U.S. choose on Tuesday dismissed an enchantment to drop legal prices towards Sam Bankman-Fried, leaving the founding father of bankrupt crypto alternate FTX to face trial on Oct. 2. opened the best way to the

Federal prosecutors in Manhattan have accused Bankman Fried, 31, of stealing billions of {dollars} from FTX consumer funds to cowl losses at his hedge fund, Alameda Analysis, deceptive buyers and lenders. Allegedly, he made unlawful donations to US political campaigns within the names of his colleagues.

The previous billionaire pleaded not responsible. He has admitted that FTX had poor threat administration, however denied any cash theft.

In Might, Bankman-Fried requested U.S. District Choose Louis Kaplan to dismiss not less than 11 of the 13 fraud and collusion prices he confronted.

He was arrested in December within the Bahamas and extradited to the US, based mostly partly on a authorized concept of fraud that has been invalidated by the U.S. Supreme Court docket, and partly illegally introduced from the Bahamas with out consent. claimed.

“The arguments are both irrefutable or irrelevant,” Kaplan mentioned in Thursday’s ruling.

A spokeswoman for Bankman-Fried didn’t reply to a request for remark.