Sam Bankman-Fried is heading to jail after a judge accuses him of witness tampering in his massive fraud case and revoked his bail
ยท Aug 12, 2023 ยท NottheBee.com

Everyone's least favorite dweeb crypto criminal mastermind is being pulled from house arrest and is headed to lockup:

Sam Bankman-Fried, the founder of the collapsed cryptocurrency exchange FTX, was sent to jail on Friday after a federal judge in New York revoked his bail, accusing him of trying to influence witnesses who are poised to testify against him at a widely anticipated trial in less than two months.

The fallen ex-multi-billionaire has been enjoying confinement at his parents' house in Palo Alto prior to Friday's decision. Yet Federal District Judge Lewis Kaplan said the 31-year-old "has gone up to the line over and over again," including by giving reporters documents connected to witnesses in the case.

But at a hearing on Friday, Judge Lewis A. Kaplan of Federal District Court in Manhattan said that arrangement would have to end, after prosecutors argued that Mr. Bankman-Fried had twice tried to interfere with witnesses in the case, including by giving documents to reporters.

"He has gone up to the line over and over again, and I am going to revoke bail," Judge Kaplan said from the bench.

In one case the documents included descriptions of "private writings by Caroline Ellison," a former executive at FTX who had previously dated Bankman-Fried himself. Ellison herself is currently cooperating with investigators in the trial against the man.

Bankman-Fried has been remanded to the Metropolitan Detention Center in Brooklyn. This is where he'll be staying:

Yikes. A far cry from Palo Alto. And SBF sure don't look prison ready...

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