FTX founder Sam Bankman-Fried is seeking to have most of the charges against him dismissed, arguing that some were based on a theory of fraud that centers around depriving a victim of economically-valuable information rather than tangible property. Bankman-Fried's lawyers have argued that a recent Supreme Court decision limiting the scope of fraud prosecutions will bolster his defense.
However, legal experts have said that his odds of getting the charges dismissed remain slim, as prosecutors can still point to tangible property that victims lost. Bankman-Fried faces multiple charges and his trial is set for October 2.
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