i am alix steel with amber kanwar.plead not guilty to criminal charges at his arraignment in lower new york. this is one of the high profile fraud charges in recent years. sonali basak is in lower manhattan with the latest. what are you learning? sonali: there are a fair people out here. an hour ago sam bankman-fried walked in wearing a suit and a north face backpack. he will start this arraignment process very shortly. it is expected to start around 2:00 p.m., about 15 minutes from now. he is expected to plead not guilty to eight criminal counts. this would leave the groundwork to continue onward for a lengthy trial process as he faces these charges. some of his deputies have already pled guilty. the beginning of a long road ahead. separately, there was another action in which the judges filed to have names kept secret of co-signers of the bond package that he has been let off on to stay at his family's house in california. why did they do that? they say to prevent any potential harassment and media scrutiny of the si