Sam Bankman-Fried should be jailed until trial, prosecutor says, citing bail violations
A prosecutor has asked a judge to immediately jail FTX founder Sam Bankman-Fried, saying he violated his bail conditions by releasing information meant to harass a key witness against him
NEW YORK (AP) — Sam Bankman-Fried should be immediately jailed, a prosecutor told a federal judge on Wednesday, saying the FTX founder violated his bail conditions by sharing information with a reporter designed to harass a key witness against him.
Assistant U.S. Attorney Danielle Sassoon said the government had concluded there were no set of bail conditions that would ensure that Bankman-Fried wouldn't try to tamper with or influence witnesses.
She said Bankman-Fried should be jailed because he shared personal writings about Caroline Ellison, who was the CEO of Alameda Research, a cryptocurrency hedge fund trading firm that was an offshoot of FTX.
Bankman-Fried is scheduled for trial Oct. 2 in Manhattan on charges that he cheated investors and looted FTX customer deposits. Bankman-Fried has been free on $250 million since his December extradition from the Bahamas, required to remain at his parent’s home in Palo Alto, California. His electronic communications have been severely limited.
