FTX founder and convicted fraudster Sam Bankman-Fried will remain in prison after failing to convince a U.S. appeals court to free him while his legal team appeals his conviction. prison.
November. twenty one AuthorizeThe 2nd U.S. Circuit Court of Appeals cited Bankman-Fried’s previous attempts to interfere with two witnesses while on pretrial release as the primary reason for denying his request.
“We have reviewed defendant-appellant’s additional arguments and find them unpersuasive,” the court said.
Government prosecutors accused Bankman-Fried of leaking Caroline Ellison’s diary to The New York Times in July, leading a New York district court to revoke his bail.
Bankman-Fried argued that the New York court failed to consider that he engaged in activities that were considered free speech protected by the First Amendment.
However, the appeals court said the New York district court was correct in ruling that witness tampering “does not fall within the scope of constitutional protection.”
The 2nd Circuit rather belatedly rejected Sam Bankman-Fried’s appeal of his pretrial detention.
“The record supports the district court’s conclusion that there was probable cause to believe
The defendant-appellant attempted to tamper with two witnesses.”— Molly White (@molly0xFFF) November 21, 2023
Bankman-Fried’s legal team also argued that the district court failed to consider less restrictive alternatives to detention.
related: Sam Bankman-Fried found guilty on all counts, FTX claim rate climbs to 57%
That argument was rejected, with the court saying the district court “thoroughly considered” all relevant factors, including Bankman-Fried’s time on pretrial release.
On November 2, Bankman-Fried was found guilty of seven fraud and money laundering related charges.
The former FTX CEO will remain in jail pending sentencing on March 28 next year.
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