News

DOJ Seeks Detention Order With Sam Bankman-Fired For Witness Impact

Key Points:

  • Attorneys representing the US Department of Justice (DOJ) want the court to recover the bail and remand Sam Bankman-Fried before the October trial.
  • In the letter, Friday stated that Bankman-Fried had a history of witness tampering.
  • Before that, Bankman-Fried had “many times” tried to influence witnesses and interfere with a fair trial.
According to Blockwork, a letter from attorneys representing the US Department of Justice (DOJ) pushed to recover Sam Bankman-Fried’s bail and put him in jail ahead of his trial in October.

Attorneys representing the US Department of Justice are formally seeking a “retention order” against former FTX Sam Bankman-Fried, according to a new court letter.

In federal court on Wednesday, prosecutor Danielle Sassoon said there were “no conditions of release that would guarantee public safety,” a week after the US Justice Department charged Bankman-Fried with leaking the private diary of former Alameda Research CEO Caroline Ellison to the media.

The letter on Friday claimed that Bankman-Fried had a history of witness tampering. Specifically, the government said Bankman-Fried contacted Witness-1, “the current General Counsel of FTX US, who may be a witness at the trial” through the Signal messaging app.

The government does that Bankman-Fried has the “right to speak and defend himself to the press, even on hundreds of occasions as [is] the case here” but that Bankman-Fried has “repeatedly” sought to “corruptly influence witnesses and interfere with a fair trial through attempted public harassment and shaming.”

As a result, the letter continued, Bankman-Fried’s inability to comply with any condition or combination of release and bail conditions proved “insufficient.”

On November 11, 2022, FTX declared bankruptcy after reports of financial vulnerabilities were published. Before its collapse, FTX was valued at $32 billion and had more than a million users. Sam Bankman-Fried currently faces eight counts, mostly related to fraud and financial conspiracies, with a maximum sentence of life in prison. But so far, he has denied all related allegations.

Coincu will continue to update the situation related to Sam Bankman-fired, you can find out more information through this article.

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.

Victor

Recent Posts

BlockDAG Surges Past $170M as BDAG250 Bonus End Countdown Begins – Aave Targets $400 & Solana Shines with Scalability

BlockDAG crosses $170.5M in presale success with BDAG250 bonus and Whitepaper V3 launch! Solana grows…

8 minutes ago

Qubetics Presale Price Surge Approaches: The Best Coins to Invest in Right Now While Toncoin, and XRP Gain Traction

Discover why Qubetics, Toncoin, and XRP are the best coins to invest in right now.…

38 minutes ago

Book of Meme Old News? This Best Meme Coin to Invest in 2024 Is Multiplying Gains Like a Champ

Over the years, meme coins have evolved from inside jokes into serious investment opportunities.

2 hours ago

Time’s Ticking on BlockDAG’s 5-Tier Bonus- Few Days Left to Grab It While Cardano Whales Take Action, Aave Rallies Strong

Discover BlockDAG's five-tier bonus program's closing phases that enhance buyer holdings. Gain insights on the…

2 hours ago

Best Altcoins to Buy for 2025: Qubetics Presale Surge, Solana’s Lightning Speed, and Cardano’s Blockchain Revolution

Discover why Qubetics, Solana, and Cardano are redefining the crypto landscape. Learn about milestones, price…

3 hours ago

Why Qubetics, NEAR Protocol, and IMX Are Dominating Crypto: The Best Altcoins to Join Today for Game-Changing Returns 

Discover why Qubetics, NEAR Protocol, and Immutable X are the best altcoins to join today,…

5 hours ago

This website uses cookies.