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Sam Bankman-Fried goes to jail

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Sam Bankman-Fried goes to jail

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Sam Bankman-Fried.
Enlarge / Sam Bankman-Fried.

A federal decide in New York at the moment ordered disgraced FTX founder Sam Bankman-Fried’s to jail after revoking his bail, The New York Occasions reported.

Bankman-Fried had been beneath home arrest, however prosecutors satisfied Decide Lewis A. Kaplan of the Federal District Courtroom in Manhattan that Bankman-Fried had fed paperwork to the media with the intention to intimidate a witness within the case. Now Bankman-Fried has to arrange his protection to 13 felony prices from jail.

In June, Bankman-Fried filed a movement to dismiss, hoping that a few of these prices can be dropped. However Kaplan determined that his arguments within the movement have been “both moot or with out benefit,” CNN reported.

A New York Occasions report was amongst media tales that the prosecution shared to persuade the court docket to provide Bankman-Fried jail time. In that report, Bankman-Fried shared personal writings of Caroline Ellison, a former FTX govt and former girlfriend to Bankman-Fried who has pled responsible and is at the moment cooperating with legislation enforcement of their investigation of the cryptocurrency change, the Occasions reported.

Prosecutors claimed that Bankman-Fried shared Ellison’s communications to intimidate her. The court docket discovered that Bankman-Fried tampered with witnesses a minimum of twice, Reuters reported.

It wasn’t simply the New York Occasions report that alarmed the court docket, nevertheless. Bankman-Fried’s different communications with the media led the prosecution to request a gag order to dam all talks with the media.

In keeping with The New York Occasions, “The Occasions, the Reporters Committee for the Freedom of the Press, and a documentarian making a movie” about Bankman-Fried “every submitted court docket filings elevating First Modification issues concerning the gag order.”

Bankman-Fried requested his detention be delayed, pending an attraction of the order revoking his bail, Reuters reported, however the decide denied that request.

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