FTX founder Sam Bankman-Fried jailed after bail revoked | Business

ED JONES/AFP via Getty ImagesBankman-Fried has pleaded not guilty to charges of wire fraud and conspiracy to commit money laundering, and election finance violations.For more financial news, go to the A US federal judge on Friday ordered FTX founder Sam Bankman-Fried back to prison less than two months before his trial on fraud charges, revoking the disgraced cryptocurrency tycoon's bail over alleged attempts to tamper with witnesses.

US District Judge Lewis Kaplan justified the revocation of bail by citing"probable cause... that the defendant has committed the federal crime of attempted witness tampering," the ruling said. Bankman-Fried"crossed a line toward improperly influencing those prospective jurors and intimidating a witness and sending a message to other prospective witnesses," it said.In response, attorneys for Bankman-Fried said the government's position flouted the First Amendment and that returning the defendant to jail would mar his ability to mount a defense.

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