• Sam Bankman-Fried, the founder of the crypto exchange FTX, has been sent to jail for two months ahead of his trial on October 2nd.
• US Judge Lewis Kaplan denied his lawyers’ request to delay detention, as prosecutors accused him of trying to intimidate a key witness in his legal battle against US authorities.
• SBF will be sent to a jail in Putnam, New York, and will have access to a laptop with an internet connection for preparing his defense.
Sam Bankman-Fried Sent To Jail
The founder of the crypto exchange FTX – Sam Bankman-Fried – could spend at least two months in jail before its trial. On Friday, US Judge Lewis Kaplan denied his lawyers’ request to delay detention, as prosecutors accused him of trying to intimidate one of the key witnesses in his legal battle against US authorities.
Accusations Against SBF
Prosecutors were quick to request Bankman-Fried’s detention when they heard about allegations presented by The New York Times that he had tried to intimidate one of the key witnesses in his legal battle against US authorities – the former leader of Alameda Research – Caroline Ellison.
Judge’s Decision
Judge Lewis Kaplan reportedly said: „My conclusion is there is probable cause to believe the defendant tried to tamper with witnesses at least twice.“ His court date is set for October 2nd and he could sit in a jail cell until then if appeal is unsuccessful.
SBF’s Detention Location
Bankman- Fried will most likely be sent to a jail in Putnam, New York where he’ll have access to a laptop with an internet connection for preparing his defense. The other option was sending him Brooklyn’s Metropolitan Detention Center but internet access there would be limited for prisoners.
Conclusion
In conclusion, Sam Bankman- Fried will be spending at least two months in jail before he goes on trial on October 2nd after being accused by prosecutors of trying to intimidate one of the key witnesses in his legal battle against US authorities. He’ll be jailed at Putnam state prison and given access online resources needed for preparing defense while awaiting trial