Sam Bankman-Fried is sent to jail for alleged witness tampering | CNN Business

📆 8/11/2023 8:00 PM
📰 CNN

⏱ Reading Time:
12 sec. here
2 min. at publisher
📊 Quality Score:
News: 8%
Publisher: 95%

Business News News

Business Business Latest News,Business Business Headlines

A federal judge is sending FTX co-founder Sam Bankman-Fried to jail, saying there is probable cause to believe that he has attempted to tamper with witnesses

[Breaking news] There is probable cause to believe that the defendant has attempted to tamper with witnesses at least twice, US District Court Judge Lewis Kaplan said. Kaplan said Friday that a gag order would not be sufficient given Bankman-Fried’s repeated toeing of the line. Bankman-Fried was remanded, at least temporarily, to the Metropolitan Detention Center in Brooklyn, while the parties sort out details of how he will review discovery materials ahead of a trial scheduled for October.

Bankman-Fried, who has pleaded not guilty to multiple conspiracy and fraud charges, is set to go to trial in October. The charges stem from what prosecutors have characterized as one of the biggest financial frauds in US history.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FTX’s Sam Bankman-Fried to Face Campaign Finance Charge, Prosecutors SayU.S. prosecutors have announced that Sam Bankman-Fried, the founder of FTX, will be facing charges related to campaign finance violations.
Source: BTCTN - 🏆 531. / 51 Read more »

FTX’s Sam Bankman-Fried to Face Campaign Finance Charge, Prosecutors Say – Legal Bitcoin NewsSam Bankman-Fried will be held accountable for alleged campaign finance violations, U.S. prosecutors indicated on Tuesday.
Source: BTCTN - 🏆 531. / 51 Read more »