NEW YORK (AP) — FTX founder Sam Bankman-Fried was sent to jail Friday to await trial after a bail hearing for the fallen cryptocurrency wiz left a judge convinced that he had repeatedly tried to influence witnesses against him.
U.S. District Judge Lewis A. Kaplan ordered Bankman-Fried’s bail revoked after prosecutors said he’d tried to harass a key witness in his fraud case last month when he showed a journalist her private writings and in January when he reached out to the general counsel for FTX with an encrypted communication.
The NYTimes article on the Bail Revocation fleshes out the situation a bit more as it should given their involvement.
Evidently Judges look upon witness tampering as a “Bad Thing.” In another pleasant surprise it appears the Illegal Campaign Contribution charges recently dropped due to an extradition technicality are able to be resurrected. Looks like Sammy was expendable after all.
This is the NYTimes article that got SBF’s bail revoked – Inside the Private Writings of Caroline Ellison, Star Witness in the FTX Case
Three months before the cryptocurrency market imploded last year, Caroline Ellison, the 27-year-old chief executive of the crypto hedge fund Alameda Research, was racked with self-doubt.
“I have been feeling pretty unhappy and overwhelmed with my job,” Ms. Ellison wrote in a Google document in February 2022. She added: “At the end of the day I can’t wait to go home and turn off my phone and have a drink and get away from it all.”
Ms. Ellison had a lot on her mind. She did not think that she was well suited to running Alameda or particularly decisive as a leader, she wrote in another Google document. She was also going through a breakup with Sam Bankman-Fried, the billionaire entrepreneur who had founded Alameda and then FTX, one of the world’s largest cryptocurrency exchanges. They had dated on and off, and Ms. Ellison worried about “making things weird” and “causing drama.”
