2023-08-12 11:34:46
Bankman-Fried is suspected of leaking the diary of former Alameda Research CEO Caroline Ellison to the New York Times. FTX founder Sam Bankman-Fried must return to prison before his trial on several counts of financial crime begins in October. A federal judge revoked his release after allegations of witness tampering emerged. According to the judge, the former FTX CEO tried to manipulate the witnesses involved in the proceedings at least twice, so Bankman-Fried poses a threat to the fair conduct of the trial. Barbara Fried and Joseph Bankman, Bankman-Fried’s parents, were also present at the hearing. The defendant reportedly cried silently after the judge’s decision. Bankman-Fried, 31, was scheduled to appear in court on Friday after the US Department of Justice (DOJ) filed two earlier filings in the case, alleging that Bankman-Fried violated the terms of her bail by attempting to tamper with several witnesses. According to the department, Bankman-Fried contacted former FTX.US general counsel Ryne Miller via VPN. According to the defense, they only watched the Super Bowl together, although that was enough for the court to find the activity a violation of bail. In their response to the DOJ’s initial filing, Bankman-Fried’s attorneys said the government “misrepresented” the FTX founder’s actions to paint her in a negative light. But the final straw was when Bankman-Fried shared with the New York Times an excerpt from the private diary of Caroline Ellison, the former CEO of Alameda Research. Our related article: Will Bankman-Fried not be charged? According to the DOJ, the founder of FTX went beyond the benevolent exercise of his constitutional right to communicate with the press. In their view, the defendant took covert actions designed to discredit a trial witness and taint the jury.
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