Sam Bankman-Fried Jailed Ahead of Trial
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.
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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 U.S. Department of Justice still plans to argue that Sam Bankman-Fried conducted an “illegal campaign finance” scheme when it goes to trial in October, prosecutors said Tuesday, two weeks after saying they couldn’t bring a campaign finance charge against the FTX founder due to treaty obligations.
Sam Bankman-Fried. (Elizabeth Napolitano / CoinDesk)
U.S. Judge Lewis Kaplan denied several of Sam Bankman-Fried’s motions to dismiss criminal charges against him. He had previously denied the FTX founder’s remaining motions to dismiss charges.