Sam Bankman-Fried Lawyers ‘Need’ Him Out Of Jail Ahead of Trial, They Tell Judge
Sam Bankman-Fried (Elizabeth Napolitano/CoinDesk)
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Sam Bankman-Fried
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.
Sam Bankman-Fried’s lawyers have appealed a judge’s decision to send him to jail while he is waiting to start trial over several allegations tied to the collapse of his former crypto exchange FTX on October 3, Reuters reports.
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.
With a nod to Sam Bankman-Fried, CoinDesk staff crowdsource their fears, anxieties and disappointments — for your enjoyment!
It’s a bit of a truism in journalism that any headline that ends in a question that can be answered with “yes” or “no” will usually be answered with “no.” A few weeks ago, however, I asked “Is Sam Bankman-Fried Going to Jail?” and in a rejection of that truism, the answer was “yes.”
The latest price moves in bitcoin (BTC) and crypto markets in context for August 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
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.
I didn’t really have anything prepared to write about this week but the Department of Justice is on it. Prosecutors told the judge overseeing Sam Bankman-Fried’s criminal trial that they intend to fold campaign finance allegations into a wire fraud charge, after announcing they would have to drop the campaign finance charge itself due to treaty obligations with the Bahamas.