Here in New York, Sam Bankman-Fried, the disgraced founder of fallen crypto exchange FTX, has pleaded not guilty to federal fraud and money laundering charges. Bankman-Fried was arrested by U.S. authorities in the Bahamas last month but was released on a $250 million bond and allowed to temporarily live at his parents’ home in Palo Alto, California. Bankman-Fried is accused of violating federal campaign finance laws and orchestrating a massive scheme to defraud customers and lenders. FTX’s collapse in November has been compared to the Ponzi scheme overseen by disgraced financier Bernie Madoff. Federal Election Commission data show Bankman-Fried was the second-largest campaign contributor in the 2022 midterm elections, with nearly $40 million given to Democratic campaigns and super PACs. Bankman-Fried’s trial is tentatively scheduled for October. He faces up to 115 years in prison if convicted.