(PM.) Sam Bankman-Fried is headed to jail on Friday after a judge sided with a request by prosecutors to bar his bail over alleged witness tampering, according to CNBC.
Judge Lewis Kaplan slapped down Bankman-Fried’s ask for delayed detention pending an appeal. Since the FTX founder’s arrest in December, he’s been out on a $250 million bail package, which required him to stay at his parents’ home in Palo Alto, California.
🚨BREAKING: FTX’s Sam Bankman-Fried TO BE JAILED | Bail Revoked
SBF is being incarcerated for tampering with at least 2 witnesses.
He will be in jail prior to his October trial, facing a range of fraud and conspiracy charges.
He may have access to a laptop with an internet… pic.twitter.com/1sj8fMm8cO
— Mario Nawfal (@MarioNawfal) August 11, 2023
Bankman-Fried’s court appearance on Friday was just the latest in a slew of pre-trial hearings related to the former billionaire’s dealings with the press. The Justice Department has characterized Bankman-Fried as demonstrating a “pattern of witness tampering and evading his bail conditions.”
Kaplan had previously given stern warnings to Bankman-Fried on holding conversations with the media.
