Sam Bankman-Fried Thrown in Jail Over Bail Shenanigans

August 13, 2023

The luck ran out for FTX founder Sam Bankman-Fried on Friday, when a New York judge ordered that he be confined to jail in advance of his October trial. The former billionaire had repeatedly angered both prosecutors and the court while out on bail following his arrest in December. “The defense says he’s gotten bad press and has a right to try to repair his reputation. “But I find that there is a practical possibility it was intended to have [witnesses] back off.”The documents shared with the Times, Kaplan added, are “personally oriented, not business oriented. Prosecutors expressed alarm that he was trying to circumvent oversight of his internet usage, though Bankman-Fried insisted he was just watching the Super Bowl.