Sunday, June 23, 2024

Sam Bankman-Fried sent to jail for witness tampering


FTX Founder Sam Bankman-Fried (SBF) was despatched to jail Friday after the choose overseeing his case revoked his bail. US District Choose Lewis Kaplan discovered possible trigger that the disgraced former CEO repeatedly tampered with witnesses. As well as, Kaplan rejected Bankman-Fried’s attorneys’ request to delay his detention pending enchantment.

Prosecutors argued that Bankman-Fried tried to harass a vital witness final month when he showed a New York Times reporter the non-public writings of his former associate Caroline Ellison, a cooperating witness who pleaded responsible in December to prison costs associated to defrauding FTX buyers. The prosecution stated SBF’s actions had been an try to break her popularity and affect potential jurors. In the meantime, SBF’s protection crew accused prosecutors of utilizing proof laden with “innuendo, hypothesis, and scant details.” Choose Kaplan sided with prosecutors, saying Bankman-Fried tried to “tamper with witnesses no less than twice.”

Reuters reports that the 31-year-old former FTX boss was ushered out of the court docket by US Marshals “after eradicating his shoelaces, jacket and tie and emptying his pockets.” The previous CEO had been underneath home arrest in California (at his dad and mom’ house in Palo Alto) since he was extradited in December following his arrest within the Bahamas final December. His $250 million bail bundle tightly managed his web utilization.

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