US federal prosecutors have rejected arguments made by lawyers for Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, to dismiss criminal charges against him.
Bankman-Fried has pleaded not guilty to charges of cheating investors and looting customer deposits to make lavish real estate purchases, donate money to politicians and make risky trades at his cryptocurrency hedge fund trading firm, Alameda Research.
Prosecutors have asked Judge Lewis A. Kaplan to let all charges proceed, stating that the claims against the original charges were legally sufficient and that permission is being sought from the Bahamas to permit the newest charges. A trial is expected to begin this fall.
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