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judge revoked bail

As he reported, federal judge revoked bail Sam Bankman-FriedAfter FTX’s former CEO briefed New York Times reporters for alleged intimidation of witnesses.

According to those present at the hearing on August 11 in the United States District Court for the Southern District of New York, Judge, Lewis Kaplan order By revoking Bankman-Fried’s bail, He will be held in prison until the completion of two fraud cases related to his activities at FTX.. Prosecutors had pressed for Bankman-Fried’s $250 million bail to be lifted, which has kept him out of jail since his arrest in December 2022.

Kaplan claimed that Bankman-Fried’s interviews with New York Times reporters led to the sharing of information with possible intent. “hurt and scare” Former CEO of Alameda Research Caroline Ellison, former colleague and girlfriend. Bankman-Fried’s legal team confirmed that the defendant provided some of the published information to reporters, which prompted Kaplan to publish the matter. a decision barring out-of-court appeals in criminal proceedings.

assistant lawyer Danielle Sassoon Bankman-Fried allegedly referred to bail violations, for example on the Signal app to: Ryan MillerFTX US general counsel, in January, used a virtual private network for internet activities to intimidate Ellison and disseminate information to reporters. Sassoon added: Putnam County Correctional Facility He was ready to bid on Bankman-Fried, who was named after him. “SBFHe suggested that a laptop, but also restricted home detention on Google Drive, was an option if the judge ordered detention.

“My conclusion, in the light of the evidence, is that there are probable reasons to believe that the accused tried to impress the witnesses at least twice.”Kaplan said, listing other violations. “With all that in mind, I intend to cancel bail.”

SBF has just arrived in court – the judge may be sending him to jail this afternoon for witness manipulation. Here is the preview of the trial: w/ @DawnGiel

— MacKenzie Sigalos (@KenzieSigalos) 11 August 2023

Sassoon argued that the SBF asked witnesses to delete some messages and documents.. Bankman-Fried’s attorney, Mark Cohen, reportedly lobbied the judge to allow the SBF to maintain his bail conditions, citing the need for coordination with the legal team, adding that the allegations of witness intimidation were an issue at the October hearing.

“Just because the accused is smarter than a mob doesn’t mean it’s okay. […] It is sufficient for the court to conclude that detention is appropriate if it is unlikely to meet bail conditions.” Sassoon reported. “Intends to interfere with the integrity of the process.”

Cohen said the SBF’s legal team plans to appeal the decision. and asked Kaplan to suspend his order until then. However, the judge rejected the motion and decided that Bankman-Fried would likely be detained in court. Putnam County Correctional Facility. Once the October trial begins, the SBF can be transferred to: Metropolitan Detention Center Brooklyn’s. Reportedly, He was ejected from the courtroom in handcuffs.

Inner City Press reported That Bankman-Fried’s parents may have been present at the trial. Often times, SBF was confined to his California home when he wasn’t traveling to New York for court proceedings.

Bankman-Fried faces 12 charges in two cases set to begin in October 2023 and March 2024, respectively.. Although prosecutors announced in July they would drop the charge of violating campaign finance laws due to the terms of the extradition deal with the Bahamas, they said they would continue to prosecute on August 8. analyze the topic as part of an electronic fraud charge.

Update (11 August 19:44 UTC): This article has been updated to include facilities where Sam Bankman-Fried will spend his time during his trials.

Translation of Matteo Carrone

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