SBF claims himself not guilty, faces up to 115 years in jail: Law Decoded, Jan. 2-9 By Cointelegraph

Former FTX CEO Sam Bankman-Fried has pled not guilty to all criminal charges he’s facing, including wire fraud, securities fraud and violations of campaign finance laws. In total, the entrepreneur faces eight criminal counts, which could result in 115 years in prison should he be convicted. Meanwhile, Daniel Friedberg, the controversial lawyer who served as top compliance chief at FTX, has reportedly cooperated with prosecutors and provided them with his knowledge of SBF’s use of customer funds to finance his illegal business scheme.

The United States Attorney’s Office for the Southern District of New York has formed the FTX Task Force to “trace and recover” missing customer funds and handle investigations and prosecutions related to the exchange’s collapse. The team comprises senior prosecutors from its securities and commodities fraud, public corruption, money laundering and transnational crime enterprise units.

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