Judge denies final pretrial request from Sam Bankman-Fried for temporary release

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Former FTX CEO Sam “SBF” Bankman-Fried will stay in jail at the very least till the beginning of his Oct. 3 prison trial following an order from a federal choose.

In a Sept. 28 listening to in the USA District Court docket for the Southern District of New York, Decide Lewis Kaplan denied a movement from SBF’s authorized group requesting the former FTX CEO be given non permanent launch so as to put together for his trial. Bankman-Fried’s lawmakers had made repeated makes an attempt to argue for launch since Kaplan revoked his bail on Aug. 11 as a consequence of allegations of witness intimidation. The matter twice went to an appellate court docket with out success for SBF’s group.

Kaplan reportedly suggested that SBF is perhaps a flight threat if “issues start to look bleak” at trial, contemplating his age and potential jail time. Although the choose denied SBF an early launch, he added that the previous FTX CEO can have the chance to reach at court docket early on sure days to confer together with his authorized group.

Associated: FTX founder’s plea for temporary release should be denied, prosecution says

The ultimate preparations for Bankman-Fried’s trial are underway as many out and in of the crypto area await revelations associated to alleged fraud at FTX as nicely within the testimony of former Alameda Analysis CEO Caroline Ellison. On Sept. 27, Decide Kaplan granted some “housekeeping” motions allowing SBF to wear a suit at trial along with utilizing an air-gapped laptop computer within the courtroom for taking notes.

The Oct. 3 trial would be the first of two for Bankman-Fried. He’ll face seven expenses associated to the misuse of buyer funds in October and 5 extra expenses at a second trial scheduled for March 2024. SBF has pleaded not responsible to all counts.

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