Appeal Court Punts on Bankman-Fried's Bid to Secure Release from Jail

6 days ago 21

An appeals tribunal connected Tuesday punted connected erstwhile FTX CEO Sam Bankman-Fried's entreaty to extremity his pre-trial detention connected national fraud charges, 2 weeks earlier the commencement of his trial.

A sheet of judges from the 2nd U.S. Circuit Court of Appeals said they would instrumentality some sides' arguments "under advisement.

The hold is the latest successful a drawstring of disappointments for Bankman-Fried, who has failed to unafraid the extremity of his pre-trial detention since landing successful situation successful aboriginal August. His lawyers person argued their lawsuit can’t decently hole his defence from jail. On the different hand, prosecutors reason helium poses a menace to witnesses erstwhile retired connected bail – and the justice overseeing his lawsuit agreed.

Should this entreaty beryllium denied, it's improbable that Bankman-Fried volition person a meaningful accidental of getting retired of jailhouse earlier his proceedings starts connected October 3.

Bankman-Fried was sent to the Metropolitan Detention Center successful Brooklyn aft a tribunal determined helium had breached the conditions of his bail by allegedly tampering with cardinal witnesses successful the government's lawsuit against him, including his erstwhile romanticist spouse and Alameda Research CEO Caroline Ellison.

Edited by Danny Nelson.

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