Judge still thinks proposed Bankman-Fried bail conditions too lenient

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A U.S. judge on Friday said he remained unsatisfied with a proposal to impose tight restrictions on how the indicted FTX cryptocurrency exchange founder Sam Bankman-Fried communicates with the outside world while free on bail.

pending his scheduled Oct. 2 fraud trial, with U.S. District Judge Lewis Kaplan expressing concern the former billionaire was testing the limits of his $250 million bail package.

Prosecutors have charged Bankman-Fried, 31, with stealing billions of dollars in FTX customer funds to plug losses at his hedge fund Alameda Research, and making tens of millions of dollars in illegal political donations to buy influence in Washington, D.C. Bankman-Fried's behavior while on bail became an issue after prosecutors said he tried to contact FTX Chief Executive John Ray and an in-house lawyer, in a possible attempt to tamper with witnesses. Defense lawyers said Bankman-Fried was trying to help, not interfere.

 

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instead of trying to limit his internet access on a flip phone, they should just get SBF one of these bad boys

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Judge to weigh Bankman-Fried's trial schedule, bail conditions at hearingA U.S. judge is expected on Friday to consider what restrictions Sam Bankman-Fried should face while free on bail, and whether the FTX cryptocurrency exchange founder's Oct. 2 fraud trial should be pushed back.
Source: Reuters - 🏆 2. / 97 Read more »

Analysis: Bankman-Fried's bid to shift blame complicated by new chargesSince his December arrest on fraud charges, FTX founder Sam Bankman-Fried and his lawyers have suggested part of his defense will be seeking to distance himself from the day-to-day operations of the now-bankrupt cryptocurrency exchange. 😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘🤔😘😘😘😘😘😘😘😘😘😘😘 Top Biden donor in 2020. Or was that billionaire Hungarian Communist and former Nazi prison guard George Soros? Bankman-fried is a bankman fried.
Source: Reuters - 🏆 2. / 97 Read more »