With just two weeks to his trial, FTX founder Sam Bankman-Fried (SBF) appealed his bail revocation ruling, hoping he would attend his trial from home when it commences. However, that is unlikely following the Court of Appeals order on September 21.
Sam Bankman-Fried To Remain In Jail
A three-judge panel of Circuit Judges including John M. Walker, Jr., Denny Chin, and William J. Nardini ordered that SBF’s motion for release pending trial be denied. That means that Sam Bankman-Fried will remain in detention until his trial commences.
SBF and his lawyers had appealed Judge Lewis Kaplan’s (the Judge in charge of SBF’s case) ruling, where he revoked the FTX founder’s bail and ordered that he be detained at the Brooklyn Metropolitan Detention Center (MDC) until his trial begins on October 3.
The Judge had made this decision after finding that SBF had indeed tampered with witnesses against him and tried to influence those witnesses. The Prosecution also claimed that Sam Bankman-Frie
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