Tuesday, May 21, 2024

Judge denies Bankman-Fried’s request for pretrial jail release By Reuters

© Reuters. FILE PHOTO: Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, arrives at court as lawyers push to persuade the judge overseeing his fraud case not to jail him ahead of trial, at a courthouse in New York, U.S., August 11, 2023. REUTE

NEW YORK (Reuters) – A U.S. judge on Tuesday denied indicted FTX cryptocurrency exchange founder Sam Bankman-Fried’s request to be released from jail so he can better prepare for his Oct. 3 fraud trial, a court filing showed.

Bankman-Fried has said the conditions of his confinement at Brooklyn’s Metropolitan Detention Center have made it impossible for him to review prosecutors’ evidence against him.

But U.S. District Judge Lewis Kaplan in Manhattan said Bankman-Fried had not specified which pieces of evidence he had been unable to access. Kaplan said he would consider a later, more detailed application for release.

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