Key Points:
The DOJ has accused Bankman-Fried of leaking Caroline Ellison’s private diary to The New York Times and trying to tamper with witnesses multiple times.
Bankman-Fried has requested the court to seal the private diary of Caroline Ellison, his ex-girlfriend and ex-Alameda Research CEO. In response, Inner City Press has opposed the move, according to court filings. Judge Kaplan has declined to jail Bankman-Fried immediately, but has imposed a temporary gag order on parties and witnesses to avoid public dissemination or discussion of the case, which could interfere with a fair trial. Judge Kaplan has also set out a rapid schedule for both the prosecution and the defense to make formal written submissions on the matter.
Bankman-Fried’s lawyer has written to the court, “The presumption of access to these documents is greatly outweighed by the need to avoid their public dissemination at this time.” A publication that covers court proceedings in New York’s federal court, Inner City Press, has previously opposed Bankman-Fried’s bid to keep secret the identity of his bail co-signers and asked the court to schedule a hearing on the matter if required.
Inner City’s Matthew Russell Lee wrote to the court opposing the sealing of documents Bankman-Fried already provided to The New York Times, stating, “Again this defendant is being treated differently than other defendants in this District. This is an application for this court to grant or, if necessary, schedule a hearing on this challenge to the proposed withholding of this information.”
Bankman-Fried is scheduled to go on trial in October on various charges, including securities and wire fraud allegations. A second trial on additional charges, including bank fraud and bribery allegations, is scheduled for March of next year. He has pleaded not guilty.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Inflation Warning by Vanguard highlights risks during Trump’s term, citing tariffs and tighter labor markets…
Clanker token trading volume hit $59.8M on Nov 21, accounting for 14.75% of PumpFun. Fee…
Bitcoin Spot ETF inflows hit $1.005B on Nov 21, led by BlackRock’s $608M and Fidelity’s…
Discover the success story of a New York tech entrepreneur who made $72M from a…
Discover the best cryptos to buy and hold today: Qubetics leads with 1000x potential, Ethereum…
With the platform facing a cracked whip, Trump Media company is expanding into new business…
This website uses cookies.