Sam Bankman-Fried, who founded and led FTX until a liquidity crunch forced the cryptocurrency exchange to declare bankruptcy, is escorted out of the Magistrate Court building in Nassau, Bahamas December 13, 2022. REUTERS/Dante Carrer
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Sam Bankman-Fried, who founded and led FTX until a liquidity crunch forced the cryptocurrency exchange to declare bankruptcy, is escorted out of the Magistrate Court building in Nassau, Bahamas December 13, 2022. REUTERS/Dante Carrer
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New York CNN  — 

A federal judge on Tuesday denied efforts by Sam Bankman-Fried, the crypto entrepreneur accused of orchestrating a multibillion-dollar fraud, to have some of his criminal charges thrown out.

Judge Lewis Kaplan of the Southern District of New York said in an opinion that the defense’s arguments “are either moot or without merit,” setting the stage for Bankman-Fried to stand trial on 13 federal counts in October.

Bankman-Fried’s lawyers declined to comment.

Bankman-Fried, who is 31, has pleaded not guilty to all 13 charges, including wire fraud and conspiracy to commit money laundering. If convicted on all counts, he could face life in prison.

Cryptocurrency entrepreneur Sam Bankman-Fried leaves an US Federal courthouse following a hearing in New York, New York, USA, 16 February 2023. Bankman-Fried is facing federal charges that he used money from investors in the cryptocurrency exchange FTX and associated trading firm Alameda Research illegally for personal gain.
Cryptocurrency entrepreneur Sam Bankman-Fried leaves an US Federal courthouse following a hearing in New York, New York, USA, 16 February 2023. Bankman-Fried is facing federal charges that he used money from investors in the cryptocurrency exchange FTX and associated trading firm Alameda Research illegally for personal gain.
Justin Lane/EPA-EFE/Shutterstock

FTX founder Sam Bankman-Fried tried to bribe Chinese officials, prosecutors say

Federal prosecutors allege that Bankman-Fried orchestrated one of the biggest financial frauds in US history. They say he cheated investors and stole money from customers of his cryptocurrency exchange, FTX, to make lavish real estate purchases and large political campaign donations.

FTX collapsed into bankruptcy in November after customers and investors fled over concerns about its solvency.

At least three former FTX employees have pleaded guilty and implicated Bankman-Fried as part of an agreement with prosecutors.