Bankman-Fried, 31, has been free on a $250 million personal recognizance bond since his December extradition from the Bahamas to face charges in New York that he defrauded investors in his businesses by diverting millions of dollars from their intended purpose. He has pleaded not guilty to all charges.
The witness, Caroline Ellison, was the CEO of Alameda Research, a cryptocurrency trading hedge fund affiliated with FTX, and had been in an off-and-on romantic relationship with Bankman-Fried prior to the collapse last November of FTX. “In support of its theory that Mr. Bankman-Fried ‘tampered’ with witnesses, the Government proffers evidence that consists of innuendo, speculation, and scant facts,” the lawyers wrote. “The Government’s showing is a far cry from the evidence presented in cases in this district where remand has been ordered in connection with alleged witness tampering, and in no way supports revocation of Mr. Bankman-Fried’s bail.
They also complained that Bankman-Fried had communicated so frequently with writers, saying he had participated in over 1,000 telephone calls, including more than 500 with author Michael Lewis, who is working on a book on Bankman-Fried titled: “Going Infinite: The Rise and Fall of a New Tycoon.” They said the Times story managed to portray Ellison in a sympathetic manner and likely did more harm to Bankman-Fried. They also cited information in the article that could not have come from him, and they accused prosecutors of sharing some of the information mentioned by the Times.
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