Sam Bankman-Fried on Wednesday lost his bid for immediate release from a Brooklyn jail so he can better prepare for his criminal trial, less than a month away, following the collapse of his FTX cryptocurrency exchange.
In rejecting Bankman-Fried’s request, the 2nd US Circuit Court of Appeals in Manhattan however said it would ask an existing three-judge panel to consider it.
A spokeswoman for Bankman-Fried declined to comment.
US District Judge Lewis Kaplan on August 11 revoked Bankman-Fried’s $250 million bail after finding that the former billionaire may have tampered with witnesses at least twice.
Bankman-Fried quickly appealed, arguing that she would not be able to properly prepare for her scheduled Oct. 3 trial from behind bars.
Prosecutors say Bankman-Fried stole billions in FTX client funds to cover losses at Alameda Research, his hedge fund.
Sam Bankman-Fried has failed in his bid to be immediately released from a Brooklyn jail so he can better prepare for his criminal trial next month.REUTERS
They called for Bankman-Fried to be jailed after she shared the personal writings of Caroline Ellison, Alameda’s former chief executive and her one-time romantic partner, with a New York Times reporter.
Bankman-Fried has pleaded not guilty to fraud and conspiracy charges, and said she shared Ellison’s writings to defend her reputation, not to intimidate her.
Ellison is expected to testify against him.
In court papers Tuesday, Bankman-Fried’s attorneys said arrangements to give her a few hours a day to review evidence on a laptop at the Metropolitan Detention Center in Brooklyn have proven inadequate. They said he lost more than four hours on Friday when he had to return to his cell for a prisoner count, and lost more time over the weekend.
Sam Bankman-Fried at the hearing on August 22.REUTERS
The US Attorney’s office in Manhattan said the prison had authorized the purchase of a second laptop by Bankman-Fried.
Bankman-Fried’s lawyers did not seek to delay the trial. Kaplan said last week that he would consider such a request.
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Source: thtrangdai.edu.vn/en/
