Prosecutors question federal judge to jail Sam Bankman-Fried about witness tampering

Prosecutors question federal judge to jail Sam Bankman-Fried about witness tampering


FTX Founder Sam Bankman-Fried comes at Manhattan Federal Courtroom for a court overall look in New York, United States on June 15, 2023. 

Fatih Aktas/ | Anadolu Company | Getty Photographs

Federal prosecutors questioned a choose to revoke FTX founder Sam Bankman-Fried’s bail in a Manhattan court docket submitting Friday, proclaiming that the billionaire had violated the terms of the release and frequently tampered with witnesses.

“What the defendant might not do, and what he has now finished regularly, is find to corruptly impact witnesses and interfere with a reasonable trial via attempted public harassment and shaming,” prosecutors wrote.

If granted, the purchase from U.S. District Judge Lewis A. Kaplan would return Bankman-Fried to jail, months right after his extradition from the Bahamas and forward of his envisioned October trial. Bankman-Fried, whose crypto company sank into bankruptcy past calendar year, faces multiple fraud and revenue laundering prices over his purpose in the implosion of the multibillion-greenback trade.

A federal prosecutor argued in court Wednesday that “no established of launch disorders can assure the basic safety of the neighborhood.”

Prosecutors and Bankman-Fried’s team met in federal court Wednesday following Bankman-Fried leaked the private diaries of his former girlfriend, Caroline Ellison, to a New York Moments reporter. Bankman-Fried is barred below the conditions of his bail from standard smartphone accessibility and has restricted world-wide-web entry qualities.

Federal prosecutors alleged that Bankman-Fried’s only intent in sharing Ellison’s diary was to intimidate her.

Ellison, who was the best executive at Bankman-Fried’s hedge fund, has pleaded guilty to federal fraud fees and is cooperating with the government’s prosecution of Bankman-Fried.

Watch: FTX sues previous execs to recoup millions

FTX sues former execs to recoup millions, and banks push to tokenize Wall Street: CNBC Crypto World



Supply

Broadcom and Costco’s rich valuations leave little room for error as battleground stocks
Technology

Broadcom and Costco’s rich valuations leave little room for error as battleground stocks

Sometimes the stakes are so high, the degree of difficulty so immense, that it simply may be too hard to game. When that’s the case, no amount of formal research will help you fathom the stock implications. Yet, you have inherited the issues and they must be dealt with — or you are too at […]

Read More
ServiceNow in talks to acquire cybersecurity startup Armis in potential  billion deal, Bloomberg reports
Technology

ServiceNow in talks to acquire cybersecurity startup Armis in potential $7 billion deal, Bloomberg reports

Software company ServiceNow is in advanced talks to buy cybersecurity startup Armis, which was last valued at $6.1 billion, Bloomberg reported.  The deal, which could reach $7 billion in value, would be ServiceNow’s largest acquisition, the outlet said, citing people familiar with the situation who asked not to be identified because the talks are private.  […]

Read More
Here are 4 major moments that drove the stock market last week
Technology

Here are 4 major moments that drove the stock market last week

The S & P 500 ran into a brick wall Friday and finished the week lower, just one day after closing at a record high. The rotation out of tech stocks, which supported the Dow , was on full display. The across-the-board rally on Wednesday after the Federal Reserve cut interest rates for the third […]

Read More