Former FTX CEO Sam “SBF” Bankman-Fried will be facing a criminal trial that is scheduled to last from October 4 to November 9. The trial will revolve around seven fraud charges brought against Bankman-Fried, with two substantive charges and five conspiracy charges. The trial calendar reveals that there will be 15 full trial days in October and six in November, with breaks scheduled for weekends and public holidays. Bankman-Fried, who has been in pre-trial detention since August 11, has been denied temporary release by the judge due to concerns about him being a flight risk.
During the hearing on September 28, it was stated by the Department of Justice that the trial could potentially last four to five weeks. Bankman-Fried plead not guilty to the charges of fraud and conspiracy following the collapse of FTX. If convicted, he could face a maximum sentence of 110 years in prison. Despite being denied temporary release, Bankman-Fried has been given permission to arrive at court early on most trial days to meet with his lawyers.
The trial calendar reveals the timeline for the upcoming criminal trial of former FTX CEO Sam Bankman-Fried. The trial will commence on October 4 and conclude on November 9, with jury selection commencing on October 3. Bankman-Fried is facing seven charges of fraud, with two substantive charges and five conspiracy charges. The trial will consist of 15 full trial days in October and six in November, with some scheduled breaks on weekends and public holidays. Bankman-Fried, who has been in pre-trial detention since August 11, has unsuccessfully sought temporary release multiple times to prepare for the trial. The judge denied his latest request, citing concerns about him being a flight risk due to his age and the potential severity of his sentence if convicted. However, the judge did grant him permission to meet with his lawyers before testimony begins on most trial days.