the setbacks continue for Sam Bankman-Fried, the ousted boss of FTX

by time news

2023-08-14 22:47:07

By Emma Confrere

Published on 04/08/2023 at 14:00, Updated yesterday at 22:47

Sam Bankman-Fried’s trial will begin on October 2. Ed JONES / AFP

PORTRAIT – A time under house arrest with his parents in California, the former cryptocurrency star is back in prison. Still awaiting his trial, he had continued to attract the wrath of justice.

FTX’s courtroom soap opera continues. Arrested on December 12 at the request of the United States, Sam Bankman-Fried was returned to prison by a federal judge in New York on Friday. The ex-cryptocurrency tycoon is suspected of having passed on the personal writings of his former partner, Caroline Ellison, to the daily New York Times. For the prosecutor’s office, there is no doubt: this maneuver by Sam Bankman-Fried had the sole purpose of influencing the testimony of the young woman, who, along with the investor, is the other key figure in the investigation. This umpteenth misstep will in any case have been right for the parole enjoyed until then Sam Bankman-Fried pending his trial.

A first visit to Fox Hill prison

This new twist is just one more episode in the long standoff that has pitted Sam Bankman-Fried against justice since the end of last year. A few days before Christmas, Sam Bankman-Fried has lost everything: his life of luxury in a penthouse in the Bahamas, his fortune and his influence in the industry…

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