Sam Bankman-Fried is going to jail

A federal choose in New York at the moment ordered disgraced FTX founder Sam Bankman-Fried’s to jail after revoking his bail, The New York Times reported.

Bankman-Fried had been underneath home arrest, however prosecutors satisfied Judge Lewis A. Kaplan of the Federal District Court in Manhattan that Bankman-Fried had fed paperwork to the media so as to intimidate a witness within the case. Now Bankman-Fried has to put together his protection to 13 felony costs from jail.

In June, Bankman-Fried filed a movement to dismiss, hoping that a few of these costs can be dropped. But Kaplan determined that his arguments within the movement have been “both moot or with out advantage,” CNN reported.

A New York Times report was amongst media tales that the prosecution shared to persuade the court docket to give Bankman-Fried jail time. In that report, Bankman-Fried shared personal writings of Caroline Ellison, a former FTX government and former girlfriend to Bankman-Fried who has pled responsible and is at present cooperating with regulation enforcement of their investigation of the cryptocurrency change, the Times reported.

Prosecutors claimed that Bankman-Fried shared Ellison’s communications to intimidate her. The court docket discovered that Bankman-Fried tampered with witnesses at the least twice, Reuters reported.

It wasn’t simply the New York Times report that alarmed the court docket, nevertheless. Bankman-Fried’s different communications with the media led the prosecution to request a gag order to block all talks with the media.

According to The New York Times, “The Times, the Reporters Committee for the Freedom of the Press, and a documentarian making a film” about Bankman-Fried “each submitted court filings raising First Amendment concerns about the gag order.”

Bankman-Fried requested his detention be delayed, pending an enchantment of the order revoking his bail, Reuters reported, however the choose denied that request.