Lawyers for Sam Bankman-Fried on Tuesday are set to urge a U.S. appeals court to free him from a Brooklyn jail as the former cryptocurrency billionaire races to prepare for his Oct. 3 trial on federal fraud changes.
Bankman-Fried's lawyers and the Manhattan U.S. Attorney's office each will be given five minutes to argue to a three-judge panel of the 2nd U.S. Circuit Court of Appeals about whether the 31-year-old FTX cryptocurrency exchange founder should stay behind bars.to believe that the defendant had tampered with witnesses. This included his sharing the personal writings of Caroline Ellison, the former chief executive of his Alameda Research hedge fund, with a New York Times reporter.
Bankman-Fried faces seven charges of fraud and conspiracy stemming from the November 2022 collapse of his now-bankrupt company. Prosecutors accused him of looting billions of dollars in FTX customer funds to plug losses at Alameda, buy luxury real estate and donate to U.S. political campaigns. He hasIn his appeal of Kaplan's decision to keep him locked up, Bankman-Fried said jailing himunder the U.S.
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