U.S. District Judge Lewis A. Kaplan ordered Bankman-Fried's bail revoked after prosecutors said he'd tried to harass a key witness in his fraud case last month. Here's more.
left a federal courtroom in handcuffs Friday when a judge revoked his bail after concluding that the fallen cryptocurrency wiz had repeatedly tried to influence witnesses against him.
Prosecutors said Bankman-Fried stole billions of dollars in FTX customer deposits to fund his businesses and speculative venture investments, make charitable donations and spend tens of millions of dollars on illegal campaign donations to Democrats and Republicans in an attempt to buy influence over cryptocurrency regulation in Washington.
Attorney Mark Cohen asked the judge to suspend his incarceration order for an immediate appeal, but Kaplan rejected the request. Within an hour, defense lawyers had filed a notice of appeal. At a February hearing, Kaplan said the communication “suggests to me that maybe he has committed or attempted to commit a federal felony while on release.”Instead, he said, it seems to be an invitation for the FTX general counsel “to get together with Bankman-Fried” so that their recollections “are on the same page.
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