There can be no extra home-cooked meals for Sam Bankman-Fried.
The fallen crypto king has been holed up at his mother and father’ house in Palo Alto since pleading not responsible to fraud expenses stemming from FTX‘s collapse. However this afternoon in a Manhattan courtroom, a decide revoked Bankman-Fried’s bail, ordering him to go on to jail earlier than his trial scheduled to start on October 2.
“My conclusion is there’s possible trigger to consider the defendant tried to tamper with witnesses at the least twice,” mentioned Choose Lewis A. Kaplan throughout his ruling.
In line with CNBC, court docket marshals took Bankman-Fried into custody after the listening to. He eliminated his jacket, tie, and sneakers and emptied his pockets. A reporter for CNBC, who was within the courtroom, mentioned that Bankman Fried’s mom had her face buried in her arms through the ruling.
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Accused of witness tampering
Prosecutors alleged that Bankman-Fried shared emails from his former girlfriend, Caroline Ellison, with The New York Instances to intimidate her earlier than his trial in October. Additionally they mentioned that Bankman-Fried leaked info to different journalists, together with Michael Lewis, who’s writing a e-book about FTX.
Final January, prosecutors argued that Bankman-Fried was sending messages to a former FTX govt who was a possible witness within the case, based on the Instances. Additionally they mentioned Bankman-Fried was utilizing VPN to entry the web and sending encrypted messages on Sign.
Choose Lewis responded by banning Bankman-Fried from contacting present or former workers. However, the order was not obeyed, and Bankman-Pal will now should prep for his trial from a jail cell.
At press time, it was not clear the place Bankman-Pal could be held. Prosecutors requested a jail in Putnam, New York, so he may entry a laptop computer with web. However the nearest jail to the courthouse is the Metropolitan Detention Middle in Brooklyn, which has restricted web entry for prisoners.
