Trial against FX founder Sam Bakeman Fried is set to start today.
Baman Fried has pleaded not guilty to
several federal charges including securities fraud,
wire fraud and money laundering.
The securities and Exchange Commission alleges that
Baman Fried
built a house of cards on a foundation of deception
regulators accuse Beekman Fried of moving customer funds from the FX
Cryptocurrency Exchange to a separate hedge fund known as Alameda Research.
Several of Beckman Fried's former colleagues are expected
to testify against him during this trial,
which could last about six weeks.