Prosecutors Want Sam Bankman-Fried Jailed Ahead of Trial

U.S. prosecutors person asked a national justice to enactment crypto speech FTX laminitis Sam Bankman-Fried successful jailhouse implicit alleged witnesser tampering earlier his proceedings starts successful October. While requiring the prosecution to formalize the petition and giving the defence capable clip to marque its case, the justice issued a impermanent gag bid restricting their nationalist comments.

Prosecutors Seek Sam Bankman-Fried’s Detention Over Witness-Tampering Allegations

During a proceeding connected Wednesday, prosecutors successful the lawsuit against Sam Bankman-Fried (SBF), laminitis and erstwhile main enforcement of the failed integer plus speech FTX, asked U.S. District Court Judge Lewis Kaplan to nonstop the crypto entrepreneur to jail.

SBF has been surviving nether location apprehension successful his parents’ location successful Palo Alto, California since December 2022 erstwhile helium was released connected a $250 cardinal bond. His proceedings connected transgression charges linked to the illness of the crypto trading level is scheduled to statesman successful October.

The prosecution is seeking modifications to Bankman-Fried’s bail statement pursuing the work of an nonfiction successful the New York Times astir Caroline Ellison, erstwhile CEO of the Alameda Research hedge fund, besides founded by Bankman-Fried, NPR and CNN reported.

In an interrogation with the newspaper, SBF showed immoderate of the “private writings” of Ellison, who is besides his erstwhile girlfriend. This, according to the prosecutors, amounted to witnesser tampering. Earlier this year, Ellison pleaded blameworthy to fraud charges and is expected to attest against him.

The Bahamas-headquartered FTX, which was 1 of the largest cryptocurrency exchanges, filed for bankruptcy extortion successful the U.S. connected Nov. 11. About a period later, Bankman-Fried was arrested successful the Bahamian capital, Nassau, and extradited to the United States.

U.S. authorities impeach him of fraud and misusing lawsuit funds, including to concern spot purchases and summation trading done Alameda. Unlike Ellison and erstwhile FTX executives, SBF pleaded not guilty.

On Wednesday, Judge Kaplan said helium was accepting the prosecution’s petition but wants to spot it successful penning by Friday. Bankman-Fried’s pb attorney, Mark Cohen, complained the defence was notified astir it “one infinitesimal earlier court.” SBF’s lawyers are expected to marque their lawsuit against it by Aug. 1.

Kaplan imposed a impermanent gag bid portion helium considers the government’s petition to jailhouse Sam Bankman-Fried who has often communicated with the nationalist and the media since his arrest. According to U.S. authorities, helium has had implicit 1,000 telephone calls with journalists including 100 calls with the newsman who wrote the New York Times piece.

Do you deliberation the national justice volition assistance the prosecution’s petition to nonstop SBF to jailhouse up of his trial? Tell america successful the comments conception below.