Judge orders FTX chief Sam Bankman-Fried to jail after bail revoked
by Staff and agencies from US news | The Guardian on (#6DRZX)
Lewis Kaplan says he has cause to believe defendant had tried to tamper with witnesses at least twice' since December arrest
Sam Bankman-Fried's bail has been revoked ahead of his October fraud trial after prosecutors accused the indicted founder of the bankrupt cryptocurrency exchange FTX of tampering with witnesses.
Bankman-Fried is expected to report to jail later on Friday after Judge Lewis Kaplan announced the decision at a hearing over Bankman-Fried's bail conditions in federal court in Manhattan. Bankman-Fried was taken directly into custody at the conclusion of the hearing. He was led out of the courtroom by members of the US Marshals Service.
Continue reading...