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Prosecutors requested that Sam Bankman-Fried be stored in jail earlier than his felony fraud trial begins subsequent week, arguing that he’s a hazard to the group and will flee if launched quickly.
The federal government argued in a letter to Decide Lewis Kaplan that Bankman-Fried’s declare that he’s unable to take part successfully in his personal defence whereas in jail just isn’t outweighed by the dangers of releasing him, particularly in gentle ”of the defendant’s prior course of conduct.”
The letter described the chance of his launch as “hazard to the group and/or flight.“ It additionally mentioned Bankman-Fried’s movement for a brief launch “recycles” generalized claims and cited two earlier occasions when the courtroom objected to related requests.
The prosecution additionally argued that there was an absence of particulars displaying particular supplies that Bankman-Fried claimed he has been unable to entry in jail and the explanation why that might impede his defence.
NEW —
Right here is the complete order from Decide Kaplan remanding Sam Bankman-Fried and sending him to jail ASAP.
“There may be possible trigger to imagine that the defendant has dedicated the federal crime of witness tampering.”
“There isn’t a situation … that may guarantee the defendant… pic.twitter.com/MsTH6gsuil
— Teddy Schleifer (@teddyschleifer) August 11, 2023
Bankman-Fried Pleaded Not Responsible
Bankman-Fried’s trial in New York Metropolis is scheduled to start out on Oct. 3, when he’ll face seven fraud-related costs associated to the collapse of FTX and Alameda Analysis. In March, he shall be tried for an extra 5 counts in a separate felony trial. He has pleaded not responsible to all costs.
Subsequent week costs in opposition to associated to the alleged mishandling of consumer funds at FTX and its affiliate, Alameda Analysis. Bankman-Fried has constantly asserted his innocence by pleading not responsible to all the costs in opposition to him. Following the revocation of his bail in August, Bankman-Fried has been held in custody on the Metropolitan Detention Heart in Brooklyn.
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