New York, August 12: FTX co-founder Sam Bankman-Fried was sent to jail after a federal judge on Friday revoked his bail, The New York Times reported. He has been accused of trying to influence witnesses who are poised to testify against him in the trial. Sam Bankman-Fried remained under house arrest at his parent's home in California since his arrest in December on fraud charges stemming from FTX's implosion. However, Judge Lewis A Kaplan of the Federal District Court in Manhattan said that the arrangement will have to end.
Lewis A Kaplan announced the decision after prosecutors said that Bankman-Fried had twice tried to interfere with witnesses in the case, including by giving documents to reporters. FTX Founder Sam Bankman-Fried Pleads Not Guilty in Manhattan Federal Court.
Judge Kaplan said, "He has gone up to the line over and over again, and I am going to revoke bail." After the order was read aloud, the two US marshals prepared to handcuff Bankman-Fried. His mother, Barbara Fried with his father, tried to approach him. However, a court officer cautioned her to stand back, according to The New York Times report.
Sam Bankman-Fried was taken to the Metropolitan Detention Center in Brooklyn. One of Bankman-Fried's lawyers Mark Cohen in court said that he intended to appeal, The New York Times reported. However, Judge Kaplan said that he will not wait for the outcome of the effort before sending Bankman-Fried to prison. Now, Sam Bankman-Fried will have to prepare for his trial scheduled to begin on October 2. Sam Bankman-Fried, Former CEO of Bankrupt Crypto Exchange FTX, Agrees To Be Extradited to US.
Bankman-Fried’s lawyers on Friday filed a notice of appeal, CNN reported. Prosecutors sought to revoke bail after what they termed as a series of violations by Bankman-Fried, including contacting potential witnesses against him, by use of a virtual private network to subvert monitoring and speaking with a reporter about former FTX executive Caroline Ellison.
Ellison, who is o-users-under-free-mobile-recharge-yojana-pib-fact-check-debunks-fake-message-5780754.html" title="https://www.latestly.com/socially/social-viral/fact-check/pm-narendra-modi-giving-three-months-free-recharge-to-users-under-free-mobile-recharge-yojana-pib-fact-check-debunks-fake-message-5780754.html"> PM Narendra Modi Giving Three Months Free Recharge to Users Under 'Free Mobile Recharge Yojana'? PIB Fact Check Debunks Fake Message