Posted on Aug 11, 2023
Former FTX CEO Sam Bankman-Fried ordered to jail after judge revokes his bail
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https://www.npr.org/2023/08/11/ [login to see] /ftx-sam-bankman-fried-sbf-crypto-fraud
Sam Bankman-Fried, the former FTX CEO, was ordered to jail on Friday after a judge revoked his bail for alleged witness tampering.
The disgraced crypto mogul had been living under house arrest at his parents' home in Palo Alto, Calif., after posting an eye-popping $250 million bond.
Sam Bankman-Fried, the former FTX CEO, was ordered to jail on Friday after a judge revoked his bail for alleged witness tampering.
The disgraced crypto mogul had been living under house arrest at his parents' home in Palo Alto, Calif., after posting an eye-popping $250 million bond.
Former FTX CEO Sam Bankman-Fried ordered to jail after judge revokes his bail
Posted from npr.org
Investing
Fraud
Crime
Posted 9 mo ago
Responses: 1
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PO1 William "Chip" Nagel
..."Bankman-Fried's attorneys unsuccessfully argued against his detention on First Amendment grounds, and in separate filings, The New York Times Company and the Reporters Committee for Freedom of the Press suggested the decision to jail the defendant could have a chilling effect on free speech.
SBF's lawyers had also argued that jailing his client would make it harder to defend himself against government charges given the huge amount of material they needed to confer on with their client.
Last month, Judge Kaplan had imposed a temporary gag order on SBF as he sought to decide on the accusations of witness tampering."
..."Bankman-Fried's attorneys unsuccessfully argued against his detention on First Amendment grounds, and in separate filings, The New York Times Company and the Reporters Committee for Freedom of the Press suggested the decision to jail the defendant could have a chilling effect on free speech.
SBF's lawyers had also argued that jailing his client would make it harder to defend himself against government charges given the huge amount of material they needed to confer on with their client.
Last month, Judge Kaplan had imposed a temporary gag order on SBF as he sought to decide on the accusations of witness tampering."
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