Sam Bankman-Fried to stay in jail, appeals court rules

Source: Reuters

Sam Bankman-Fried to stay in jail, appeals court rules

Luc Cohen
Thu, September 21, 2023 at 4:12 PM EDT·2 min read

NEW YORK (Reuters) -A U.S. appeals court on Thursday upheld a judge's decision to jail former cryptocurrency billionaire Sam Bankman-Fried ahead of his Oct. 3 trial on fraud charges stemming from the November 2022 collapse of his now-bankrupt FTX exchange.

In a written decision, a three-judge panel of the 2nd U.S. Circuit Court of Appeals in Manhattan said it agreed with U.S. District Judge Lewis Kaplan's finding that Bankman-Fried had likely attempted to tamper with two witnesses.

This included his sharing the personal writings of Caroline Ellison, the former chief executive of his Alameda Research hedge fund, with a New York Times reporter.

Ellison has pleaded guilty to fraud and is expected to testify against Bankman-Fried, a former romantic partner. In her writings, she described feeling "unhappy and overwhelmed" with her job and "hurt/rejected" from a breakup with Bankman-Fried.

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Read more: https://finance.yahoo.com/news/sam-bankman-fried-stay-jail-201233685.html

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Also from Reuters: Bankman-Fried's expert witnesses rejected by judge