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FTX Founder Sam Bankman-Fried Gets Jail After Bail Plea Is Rejected In Case Over Misuse Of Inve

by Binghamton Herald Report
August 12, 2023
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Judge Kaplan while speaking in court on Friday said, “There is probable cause to believe that the defendant has attempted to tamper with witnesses at least twice.”

 The hearing to decide on whether Fried’s bail will be revoked came ahead of his trial which is slated to take place in October.

The 31-year-old got arrested in December after he got accused of misuse of the investor and the customers’ money invested in his bankrupt cryptocurrency exchange FTX to pay for the property, political donations and plug losses at his hedge fund named Alameda Research.

Reuters reported that he was forced to hand over his belongings from his pockets and remove his shoelaces, jacket and tie before the US Marshals Service took him away with them on Friday. 

Tags: ABP LiveBreaking NewsCryptocurrencyfraudUS newsWorld News
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