SBF Trial Possibly Delayed “Well Beyond” Oct. 2
NEW YORK – A recent court filing from FTX founder Sam Bankman-Fried’s (SBF) defense team states that ongoing fraud proceedings could be significantly delayed if additional charges are added. In their filing, the defense said the trial could be delayed “well beyond” the scheduled October 2 date. SBF has pleaded not guilty to all wire fraud charges and money laundering.
SBF’s defense team argues that any charges added by the U.S. Department of Justice after his extradition may violate the treaty between the U.S. and the Bahamas, where FTX was headquartered. They assert that SBF has the right to challenge the addition of charges in overseas courts.
The defense’s case has gained strength from a recent decision by the U.S. Supreme Court, which limited the scope of federal fraud charges in a case involving bidding for state contracts in May. SBF’s lawyers argue that the Supreme Court’s decision relates to the defendant’s alleged misrepresentation of one of his bank account’s purposes.
