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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