FTX founder Sam Bankman-Fried jailed in New York; judge says crypto mogul tampered with witnesses

U.S. District Judge Lewis A. Kaplan ordered Bankman-Fried’s bail revoked after prosecutors said he’d tried to harass a key witness in his fraud case last month when he showed a journalist her private writings and in January when he reached out to the general counsel for FTX with an encrypted communication.

A defense lawyer said an appeal of the incarceration order would be filed and asked for an immediate stay of the order. Ellison pleaded guilty in December to criminal charges carrying a potential penalty of 110 years in prison. She has agreed to testify against Bankman-Fried as part of a deal that could lead to a more lenient sentence.

Since prosecutors made their detention request, Kaplan has imposed a gag order barring public comments by people participating in the trial, including Bankman-Fried.

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FTX founder Sam Bankman-Fried jailed in New York; judge says crypto mogul tampered with witnessesFTX founder Sam Bankman-Fried was ordered jailed Friday to await trial after a bail hearing for the fallen cryptocurrency wiz left a judge convinced that he had repeatedly tried to influence witnesses against him.
Source: nbcbayarea - 🏆 596. / 51 Read more »

FTX’s Sam Bankman-Fried to Face Campaign Finance Charge, Prosecutors Say – Legal Bitcoin NewsSam Bankman-Fried will be held accountable for alleged campaign finance violations, U.S. prosecutors indicated on Tuesday.
Source: BTCTN - 🏆 531. / 51 Read more »