#Alert: #JUDGE_REVOKES_BAIL for #FTX Founder #Sam_Bankman_Fried, says crypto mogul #tampered with #witnesses in his #fraud_case | Bankman-Fried's bail revoked #ahead of #fraud_trial, judge rules
#NEW_YORK (Reuters) -Sam Bankman-Fried's bail was revoked ahead of his October fraud trial, a U.S. judge said on Friday, after prosecutors accused the indicted founder of bankrupt cryptocurrency exchange FTX of tampering with witnesses.
U.S. District Judge Lewis Kaplan announced the decision at a hearing over Bankman-Fried's bail conditions in federal court in Manhattan.
Federal prosecutors in Manhattan first made their surprise request to jail the former billionaire in a July 26 hearing, saying he "crossed a line" by sharing former romantic partner Caroline Ellison's personal writings with a New York Times reporter.
Bankman-Fried, 31, has pleaded not guilty to stealing billions of dollars in FTX customer funds to plug losses at his Alameda Research hedge fund, where Ellison was chief executive.
His lawyers said prosecutors mischaracterized his intentions in sharing Ellison's writings, arguing he wanted to defend his reputation and that he had a right to speak to the press.
Bankman-Fried has been largely confined to his parents' Palo Alto, California, home on $250 million bond since his December 2022 arrest.
In the July 26 hearing, Kaplan restricted Bankman-Fried from speaking publicly about his case, but asked both sides to submit written arguments on whether to detain him.
Ellison and two other former members of Bankman-Fried's inner circle have pleaded guilty to fraud and agreed to cooperate with the U.S. Attorney's Office in Manhattan. She is expected to testify against him at his scheduled Oct. 2 trial.
#Kevin_O_Leary GETS DESTROYED! in #FTX #CNBC #Interview | 797,142 views Dec 11, 2022 #kevinoleary #FTX #SBF
#Kevin_O_Leary reveals that he had received 15 #million_dollars ( #EVIDENCE Head of #Marketing ) to be a spokesperson?? for FTX and did basically #no_due_diligence.
The CNBC interviewers do an #excellent_job grilling Kevin and #not letting him #dance around the #questions.
Kevin O'Leary has agreed to #testify in the December 14th #Senate_Committee_hearings and we will bring you the highlights and coverage as it comes.
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