Notorious Crypto Scammer Sam Bankman-Fried Sent to Jail

[Photo Credit: by marine_perez]

Sam Bankman-Fried was reportedly ordered to be arrested on Friday after a magistrate granted federal prosecutors’ request to revoke the FTX founder’s parole for allegedly tampering with witnesses. Bankman-Fried was remanded to custody immediately after a New York court hearing.

The judge Lewis Kaplan denied Bankman-Fried’s request for a detention delay pending appeal.

Unless his appeal is successful, he is anticipated to remain in custody until the start of his criminal trial on October 2.

At the conclusion of the hearing, as the court marshals were taking Bankman-Fried into custody, the defendant removed his blazer, tie, empty his pockets, and appeared to remove his shoes.

Both of Bankman-Fried’s parents were in attendance.

His mother concealed her face in her hands throughout the majority of Judge Kaplan’s lengthy judgment.

The government requested that Bankman-Fried be remanded to a jail in Putnam, New York, where he would have access to a laptop with internet access for defense preparation, as opposed to Brooklyn’s Metropolitan Detention Center, which is the closest facility to the courthouse but has limited internet access for prisoners.

Since his arrest in December, Bankman-Fried has been free on a $250 million bail arrangement that mandates him to reside at his parents’ home in Palo Alto, California.

Friday’s court appearance for Bankman-Fried is the latest in a succession of pre-trial hearings concerning the ex-billionaire’s ongoing exchanges with the press.

In the motion requesting Bankman-Fried’s detention, the government stated that the defendant had sent over 100 emails to the media and made over 1,000 phone calls to members of the press over the course of several months.

The final transgression, according to prosecutors, was Bankman-Fried’s disclosure of Caroline Ellison’s private diary entries to the New York Times. In December of 2022, Ellison pled guilty to federal offenses.

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