Sam Bankman-Fried despatched to jail for witness tampering

FTX Founder Sam Bankman-Fried (SBF) was despatched to jail Friday after the choose overseeing his case revoked his bail. US District Decide Lewis Kaplan discovered possible trigger that the disgraced former CEO repeatedly tampered with witnesses. As well as, Kaplan rejected Bankman-Fried’s attorneys’ request to delay his detention pending attraction.

Prosecutors argued that Bankman-Fried tried to harass a vital witness final month when he showed a New York Times reporter the private writings of his former associate Caroline Ellison, a cooperating witness who pleaded responsible in December to prison costs associated to defrauding FTX buyers. The prosecution mentioned SBF’s actions had been an try to wreck her repute and affect potential jurors. In the meantime, SBF’s protection workforce accused prosecutors of utilizing proof laden with “innuendo, hypothesis, and scant details.” Decide Kaplan sided with prosecutors, saying Bankman-Fried tried to “tamper with witnesses not less than twice.”

Reuters reports that the 31-year-old former FTX boss was ushered out of the court docket by US Marshals “after eradicating his shoelaces, jacket and tie and emptying his pockets.” The previous CEO had been beneath home arrest in California (at his dad and mom’ dwelling in Palo Alto) since he was extradited in December following his arrest within the Bahamas final December. His $250 million bail package deal tightly managed his web utilization.

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