Sam Bankman-Fried denied pre-trial release by SDNY judge: ‘The premise is incorrect’

Judge Lewis Kaplan Tuesday Deny request Lawyers for Sam Bankman-Fried have requested that their client be released ahead of his upcoming trial so that he can more thoroughly prepare for the proceedings.

Judge Kaplan of the Southern District of New York made the argument in a three-page memorandum involving USA v. Sam Bankman-Freed The FTX founder, who was indicted in December, has been given 7.5 months and “broad access” to review the material electronically.

The defendant’s bail had not been revoked a month earlier on charges of witness tampering, including leaking diaries of Caroline Ellison, the former CEO of FTX sister company Alameda Research and SBF. Having been dismissed a month ago, the defendant will likely need longer to prepare outside of a correctional facility.Former girlfriend – arrived New York Times.

Bankman-Fried, who faces at least eight charges, including wire fraud, lender fraud and securities fraud, eventually traded his parents’ house in Palo Alto for the Metropolitan Detention Center in Brooklyn. His lawyers argued that the latter lacked adequate internet access.

Additionally, Kaplan wrote in the filing released Tuesday, “… defendant’s position here is premised on his personal right to review and consider each and every portion of discovery in this case to produce relevant unspecified work product, and Quickly. But the premise is incorrect. The defendants are represented by a large team of very capable retained attorneys.”

Bankman-Fried’s lawyers also plan to call at least seven expert witnesses to the stand, according to the same filing.

Kaplan concluded his remarks by writing that the immediate ruling denying Bankman-Fried pretrial release “does not preclude the possibility of further motions based on a more factual basis and a more convincing showing.”

The trial is scheduled for October 3.

Jury selection is underway.

FTX’s valuation once reached $32 billion.

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