From The Verge: FTX co-founder Sam Bankman-Fried (SBF) has been on house arrest in California since December while awaiting trial on fraud and money laundering charges over the crypto exchange’s collapse, but today he was sent to jail, as first reported by Inner City Press.
Judge Lewis A. Kaplan ordered the former billionaire remanded after prosecutors pushed to have his bail revoked, citing violations that included Bankman-Fried’s admitted usage of VPN software that he said was to watch an NFL game and the judge’s view that he had attempted to tamper with witnesses “at least twice.”
Docket entry from Friday’s Bond Revocation Hearing:
Defendant present with attorneys Mark Stewart Cohen and Christian R. Everdell. AUSAs Danielle R. Sassoon, Nicholas Roos, Samuel Raymond, and Diane Kudla present. Pretrial Services Officer John Moscato present.
Bond as to Samuel Bankman-Fried (1) Revoked and defendant ordered remanded.
Defendant moved to stay the Court’s ruling on pending appeal, which was denied by the Court. (Court Reporter Eve Giniger) (Mohan, Andrew)
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