1 year ago
FTX laminitis Sam Bankman-Fried has been remanded into custody up of his October proceedings connected aggregate fiscal transgression charges aft a national justice revoked his merchandise connected bond.
Bankman-Fried, the 31-year-old erstwhile CEO of the FTX empire, appeared successful tribunal connected Friday aft the U.S. Department of Justice moved to nonstop him backmost to jailhouse connected allegations of violating the presumption of his enslaved by trying to tamper with aggregate witnesses. According to the DOJ, Bankman-Fried's reaching retired to erstwhile FTX.US wide counsel Ryne Miller and utilizing a virtual backstage web to, successful the words of his defence team, ticker the Super Bowl, were capable to necessitate a modification of his bail conditions. The past straw, however, was Bankman-Fried's sharing portion of erstwhile Alameda Research CEO Caroline Ellison's backstage diary with the New York Times.
Bankman-Fried's defence squad admitted helium shared immoderate diary pages with the Times, though his attorneys disputed that helium was trying to tamper with a witnesser successful doing so. The defence squad besides argued that jailing Bankman-Fried would marque it much hard to hole for his trial.
Judge Lewis Kaplan, of the U.S. District Court for the Southern District of New York, wasn't convinced by these arguments.
Bankman-Fried is presently acceptable to spell connected proceedings astatine the commencement of October connected ligament fraud, commodities fraud, securities fraud, wealth laundering and related conspiracy charges. He faces different trial, tentatively scheduled for adjacent March, connected further charges brought by the DOJ aft Bankman-Fried's apprehension and extradition.
Certain pretrial motions from some the prosecution and the defence are owed to the tribunal by Monday, Aug. 14.
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