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Judge revokes Sam Bankman-Fried’s bail, sends him to jail

August 11, 2023
in Scam Alert
Reading Time: 2 mins read
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Decide Lewis Kaplan has revoked former FTX CEO Sam Bankman-Fried’s bail.
The decide has additionally denied the defence’s request to delay Bankman-Fried’s detention pending enchantment.
Bankman-Fried, whose legal trial begins on October 2, might be jailed at Putnam.

Decide Lewis Kaplan has revoked the bail granted to former FTX CEO Sam Bankman-Fried, and ordered his detention after a listening to over alleged witness tampering. CNBC reported the event on Friday.

Decide sands Bankman-Fried to jail

Decide Kaplan on Friday dominated in favour of a movement filed by federal prosecutors after the federal government complained about Bankman-Fried’s potential to tamper with each witnesses and the jury in his upcoming legal trial.

In denying the defendant’s plea for a delayed detention forward of an enchantment, Decide Kaplan stated that SBF had tried to intervene with witnesses on at the very least two events.

Bankman-Fried is to be remanded on the Putnam jail pending his enchantment and forward of the October 2 trial. Prosecutors stated the ex-FTX chief may have entry to the web on the facility as he prepares his defence, which might not be the case at MDC that’s closest to the court docket however presents restricted web entry.

Inside Metropolis Press has reported that defence attorneys already filed an enchantment.

SBF enchantment of remand to jail filed lower than an hour after handcuffs, $505 submitting charge paid – Inside Metropolis Press will observe the enchantment within the Second Circuit, too https://t.co/YF01ftwGhX pic.twitter.com/aOsit518gR

— Inside Metropolis Press (@innercitypress) August 11, 2023

As CoinJournal highlighted in July, prosecution had sought to have Bankman-Fried’s bail revoked and he be jailed following situations of alleged witness tampering. The DOJ had allleged that SBF leaked the personal diary of his former colleague and now star federal witness Caroline Alison to a New York Occasions reporter.

In accordance with the federal government, the disgraced ex-billionaire’s objective was to discredit Alison and presumably have an effect on the jurors. Over the past listening to, Decide Kaplan had warned Bankman-Fried about his behaviour, noting the bail might be revoked.

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