Sam Bankman-Fried is going to jail
A federal judge in New York today ordered disgraced FTX founder Sam Bankman-Fried's to jail after revoking his bail, The New York Times reported.
Bankman-Fried had been under house arrest, but prosecutors convinced Judge Lewis A. Kaplan of the Federal District Court in Manhattan that Bankman-Fried had fed documents to the media in order to intimidate a witness in the case. Now Bankman-Fried has to prepare his defense to 13 criminal charges from jail.
In June, Bankman-Fried filed a motion to dismiss, hoping that some of those charges would be dropped. But Kaplan decided that his arguments in the motion were "either moot or without merit,” CNN reported. A New York Times report was among media stories that the prosecution shared to convince the court to give Bankman-Fried jail time. In that report, Bankman-Fried shared private writings of Caroline Ellison, a former FTX executive and former girlfriend to Bankman-Fried who has pled guilty and is currently cooperating with law enforcement in their investigation of the cryptocurrency exchange, the Times reported.
