Prosecutors say Sam Bankman-Fried's arguments to dismiss cryptocurrency charges are meritless

Prosecutors say Sam Bankman-Fried's arguments to dismiss cryptocurrency charges are meritless



Federal prosecutors claimed Monday that Sam Bankman-Fried's attorneys made meritless arguments in an effort to persuade a court to dismiss criminal allegations that the FTX founder stole from investors in his multibillion dollar cryptocurrency fund.



Prosecutors reacted to early May filings in which Bankman-Fried's attorneys argued that the government overstepped its bounds in prosecuting Bankman-Fried, turning regulatory issues into criminal offenses.



“These motions are meritless,” prosecutors wrote in a nearly 100-page filing. “The charges track the relevant statutes and the defendant’s alleged misconduct falls within the heartland of what these statutes prohibit.”



Bankman-Fried has entered a not guilty plea to accusations that he defrauded investors and used money taken from client deposits on FTX to buy luxury real estate, g


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#Cryptonewstoday, #FTX, #Regulations, #SamBankmanFried

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