Posted on Jul 27, 2023
Prosecutors want disgraced crypto mogul Bankman-Fried in jail ahead of trial
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https://www.npr.org/2023/07/26/ [login to see] /bankman-fried-crypto-ftx-jail-bail
Prosecutors are asking a federal judge to put Sam Bankman-Fried in jail ahead of his trial, which is scheduled to start in October.
As he considers their request, the judge has imposed a broad, temporary gag order in the case.
There were audible gasps in the courtroom on Wednesday when prosecutors told the judge they were seeking Bankman-Fried's detention. His defense attorney, Mark S. Cohen, said he was only notified of the ask "one minute before court."
Bankman-Fried has been living under house arrest in his parents' home in Northern California, near the Stanford University campus, since December. He was released on a $250 million bond.
The U.S. sought modifications to Bankman-Fried's bail agreement after The New York Times published a piece about Caroline Ellison, the former head of the crypto hedge fund Bankman-Fried founded.
Prosecutors are asking a federal judge to put Sam Bankman-Fried in jail ahead of his trial, which is scheduled to start in October.
As he considers their request, the judge has imposed a broad, temporary gag order in the case.
There were audible gasps in the courtroom on Wednesday when prosecutors told the judge they were seeking Bankman-Fried's detention. His defense attorney, Mark S. Cohen, said he was only notified of the ask "one minute before court."
Bankman-Fried has been living under house arrest in his parents' home in Northern California, near the Stanford University campus, since December. He was released on a $250 million bond.
The U.S. sought modifications to Bankman-Fried's bail agreement after The New York Times published a piece about Caroline Ellison, the former head of the crypto hedge fund Bankman-Fried founded.
Prosecutors want disgraced crypto mogul Bankman-Fried in jail ahead of trial
Posted from npr.org
Economics
Crime
Posted 10 mo ago
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PO1 William "Chip" Nagel
"Bankman-Fried is back in court in a criminal case accusing him of looting customer funds from his cryptocurrency exchange. Prosecutors are asking a federal judge to put Sam Bankman-Fried in jail ahead of his trial, which is scheduled to start in October. As he considers their request, the judge has imposed a broad, temporary gag order in the case."
"Bankman-Fried is back in court in a criminal case accusing him of looting customer funds from his cryptocurrency exchange. Prosecutors are asking a federal judge to put Sam Bankman-Fried in jail ahead of his trial, which is scheduled to start in October. As he considers their request, the judge has imposed a broad, temporary gag order in the case."
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He tampered with a witness. Poof. He should sit in jail until trial, so he can’t interfere with the investigation
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