On Friday at 2 p.m. ET, a New York judge will hold a hearing to decide if FTX founder Sam Bankman-Fried should be incarcerated. U.S. District Judge Lewis A. Kaplan will consider the request made by federal prosecutors to revoke Bankman-Fried's bail over allegations of witness tampering. Should Judge Kaplan rule in favor of the prosecutors, Bankman-Fried would be taken into custody from the Manhattan court hearing and detained until his criminal trial begins on October 2nd.On Friday, U.S. District Judge Lewis A. Kaplan will consider the federal government's motion to revoke Sam Bankman-Fried's bail and detain him, which would take him away from his parents' house in Palo Alto, California, directly from the court hearing in Manhattan. The hearing is scheduled to start at 2 p.m. ET. The federal prosecutors have accused Bankman-Fried of witness tampering due to his multiple conversations with the press, which the defense has argued represents the assertion of his First Amendment right. The government has described Bankman-Fried's actions as an attempt to discredit an ex-girlfriend, who is expected to be a star witness for the prosecution, through "means of indirect witness intimidation through the press." Bankman-Fried faces multiple wire and securities fraud charges related to the alleged FTX fraud.
On Friday, U.S. District Judge Lewis A. Kaplan will hold a hearing at 2 p.m. ET to decide whether or not to revoke Sam Bankman-Fried's bail over alleged witness tampering and remand him to custody prior to his criminal trial, scheduled to begin on October 2. The government has asked for his imprisonment in New York, whereas the founder of FTX was previously released on a $250 million bail package which required him to remain at his parents' house in Palo Alto, California. The government argued Bankman-Fried has sent multiple emails and made numerous phone calls to the press, which Defense has argued are assertions of his First Amendment rights. The final incident the government alleges is Bankman-Fried's decision to leak private diary entries of his ex-girlfriend to The New York Times. Members of the press, including counsel for The New York Times and the Reporters Committee for Freedom of the Press, have filed letters objecting to Bankman-Fried's detention. Bankman-Fried's defense team has argued that if he's jailed, he would not be able to properly prepare for his trial due to the mountainous amounts of discovery documents only accessible via a computer with internet access. The government has unveiled plans to file a new superseding indictment next week.
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