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Sam Bankman-Fried is to stay in jail forward of his trial subsequent month after a US Court docket of Appeals dominated that extra arguments for his launch had been ”unpersuasive.”
Bankman-Fried’s attorneys had requested that their shopper be granted short-term launch from jail in order that he may evaluate paperwork earlier than his trial, scheduled to start on Oct. 3.
The court docket rejected Bankman-Fried’s argument “that the district court docket failed to contemplate a much less restrictive various to detention,” saying that the “file reveals that the district court docket thought-about all the related components, together with the defendant-appellant’s course of conduct over the time that had required the district court docket to repeatedly tighten the circumstances of launch.”
Bankman-Fried Stays In Jail For Witness Tampering
The court docket additionally mentioned it supported an earlier ruling that there was possible trigger that Bankman-Fried tried to tamper with witnesses. Bankman-Fried was granted bail on a $250 million bond earlier this 12 months after his extradition from The Bahamas. That was revoked in August after it was dominated he had tampered with witnesses.
JUST IN: Appeals court docket has dominated that Sam Bankman-Fried will stay in jail.
— WhaleWire (@WhaleWire) September 21, 2023
The prosecutors alleged that Bankman-Fried leaked a non-public diary of Caroline Ellison, his ex-girlfriend and the previous CEO of Alameda Analysis, to the New York Occasions. Ellison will likely be a star witness in Bankman-Fried’s trial. He was additionally accused of utilizing an encrypted messaging app to speak with a possible witness.
Bankman-Fried is going through greater than 100 years in jail if he’s convicted on prices together with fraud amid allegations that he, alongside different executives at FTX, misappropriated billions of FTX buyer belongings.
Bankman-Fried’s mother and father are additionally concerned in a lawsuit, with the FTX chapter property accusing them of enabling the mismanagement of the change.
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