Judge Denies Sam Bankman-Fried’s Bid for Release From Jail Ahead of Trial
A federal judge refused Sam Bankman-Fried’s bid to be released from jail ahead of trial on Tuesday.
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A federal judge refused Sam Bankman-Fried’s bid to be released from jail ahead of trial on Tuesday.
Sam Bankman-Fried (Nikhilesh De/CoinDesk)
Prosecutors say Sam Bankman-Fried used Salame as a “straw donor” to secretly funnel millions of dollars to Republican political candidates.
Sam Bankman-Fried (Elizabeth Napolitano/CoinDesk)
Federal prosecutors have challenged FTX founder Sam Bankman-Fried’s allegations that prosecutors dumped “millions” of pages worth of potential evidence on the former CEO’s defense team just two months ahead of his criminal trial, a Tuesday court filing shows.
Creditors are lamenting the rapid drain of cash from the global exchange’s bankruptcy as the process stretches over more months.
Sam Bankman-Fried will have five and a half hours with his attorneys, minus any time spent being arraigned yet again Tuesday on his latest indictment, which folded campaign finance allegations into existing charges.
FTX founder Sam Bankman-Fried has been remanded into custody ahead of his October trial on multiple financial crime charges after a federal judge revoked his release on bond.
The fallen FTX founder didn’t just violate his bail — he violated the trust of his family’s last remaining allies.
It was not known whether Salame would cooperate with prosecutors and testify against FTX co-founder and CEO Sam Bankman-Fried.