U.S. Justice Department Wants to Jail Sam Bankman-Fried

The U.S. Department of Justice wants FTX laminitis Sam Bankman-Fried to walk the remainder of his clip earlier his transgression proceedings successful jail, alleging helium has tried aggregate times to tamper with witnesses.

Bankman-Fried, flanked by 2 attorneys, appeared successful national tribunal Wednesday, arsenic the DOJ alleged helium shared documents with the New York Times to effort and discredit erstwhile Alameda Research CEO Caroline Ellison.

Danielle Sassoon, with the prosecution, opened the proceeding by saying the DOJ was seeking Bankman-Fried's detention.

"It is the government's presumption that nary acceptable of merchandise conditions tin unafraid the information of the community," she said.

Bankman-Fried has sent much than 100 emails to reporters and had much than 100 telephone calls with a azygous Times reporter, she said successful court. The DOJ besides believes the onetime crypto enforcement was the root of a erstwhile nonfiction astir Ellison.

Mark Cohen, an lawyer for Bankman-Fried, said remanding him to jailhouse would marque it much hard to signifier the defense.

While Judge Lewis Kaplan, of the Southern District of New York, declined to jailhouse Bankman-Fried immediately, helium acceptable retired a accelerated docket for some the prosecution and the defence to marque ceremonial written submissions connected the matter. The DOJ has until Friday to record theirs. The defence tin respond until Tuesday, and the DOJ tin record a last effect by Aug. 3.

Bankman-Fried is presently acceptable to spell connected proceedings successful October connected assorted charges, including securities and commodities fraud.