Court rejects Sam Bankman-Fried’s release request
Key Takeaways
- The U.S. Court of Appeals for the Second Circuit denied Sam Bankman-Fried’s request for release, citing tampering with a previous witness.
- Bankman-Fried’s defense of the First Amendment was not enough to sway the court.
- Bankman-Fried, who was found guilty on several charges, will remain in custody until sentencing next year.
The U.S. Court of Appeals for the Second Circuit recently denied Sam Bankman-Fried’s appeal for release.
Bankman-Fried, founder of FTX and convicted of numerous fraud-related charges, was seeking freedom. His legal team challenged his conviction..
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At the heart of the appeals court decision announced Nov. 21 was Bankman-Fried’s history of witness tampering while on pretrial release. The court clearly stated its position as follows:
We have reviewed defendant-appellant’s additional arguments and find them unpersuasive.
Prosecutors have previously It accused Bankman-Fried of obstructing the legal process. Last July, Caroline Ellison’s diary was leaked to the New York Times.
Because of this action bail cancellation By the District Court of New York. Despite Bankman-Fried’s claims, his actions: falls within the scope of freedom of expressionThe appeals court upheld the lower court’s decision: The First Amendment does not protect witness tampering..
Appeal court further weakens his case Bankman-Fried’s legal team dismissed the claims. The district court announced that it had not considered less restrictive alternatives to detention. The appeals court noted: The district court thoroughly evaluated all relevant factors.Including Bankman-Fried’s conduct while on pretrial release.
and Convicted of seven counts of fraud and money laundering.Bankman-Fried will now remain imprisoned until his death. Sentencing scheduled for March 28, 2024. This decision highlights the legal challenges facing Bankman-Fried and the seriousness with which the court is treating his case.
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