{"id":74243,"date":"2023-02-17T11:23:35","date_gmt":"2023-02-17T09:23:35","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=74243"},"modified":"2025-09-09T18:57:02","modified_gmt":"2025-09-09T15:57:02","slug":"court-does-not-rule-out-bankman-frieds-return-to-prison","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/court-does-not-rule-out-bankman-frieds-return-to-prison\/","title":{"rendered":"Court does not rule out Bankman-Fried&#8217;s return to prison"},"content":{"rendered":"<p>A decision on bail in the case of the former head of FTX may be revisited, as there are &#8216;probable grounds&#8217; to suggest that Sam Bankman-Fried (SBF) sought to pressure witnesses. Judge Lewis Kaplan said this at a February 16 hearing, according to <a href=\\\"https:\/\/edition.cnn.com\/2023\/02\/16\/business\/ftx-bankman-fried-bail-hearing\/index.html\\\">CNN<\/a>.<\/p>\n<p>The hearing did not focus on revoking bail. However, the judge did not rule out the possibility of revisiting the matter, which could lead to a change in the founder&#8217;s pretrial conditions.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>&#8220;There could well be substantial grounds to believe that he [SBF] committed or attempted to commit a federal crime,&#8221; Kaplan emphasized.<\/p>\n<\/blockquote>\n<p>Prosecutors <a href=\"https:\/\/u1f987.com\/en\/news\/us-authorities-seek-to-bar-sbf-from-communicating-with-witnesses\">requested a modification of the conditions<\/a> of Bankman-Fried&#8217;s home detention. Authorities suspected him of using the Signal messenger to send encrypted messages to a witness. Subsequently he <a href=\"https:\/\/u1f987.com\/en\/news\/court-bans-sam-bankman-fried-from-using-a-vpn\">was accused of using a VPN<\/a>.<\/p>\n<p>During the February 16 hearing, the judge doubted that the imposed restrictions would prevent the former FTX chief from using the internet, given that his parents have laptops and mobile phones. The prosecutor agreed with the reasoning but pointed to the lack of an alternative remedy. In response, Kaplan hinted that revoking bail could mitigate these risks:<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>&#8220;There is a solution, but no one has proposed it yet.&#8221;<\/p>\n<\/blockquote>\n<p>The lawyers for Bankman-Fried said that his staying under house arrest was an important condition for building his defense strategy.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>&#8220;We cannot review these extensive financial documents without him,&#8221; the lawyers stressed.<\/p>\n<\/blockquote>\n<p>Law professor Richard Painter noted that pressuring witnesses while out on bail is &#8216;a great way to end up back in prison.&#8217;<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Hey Crypto Bro:<br \/>Witness tampering while out on bail is a great way to go right back to jail.<a href=\\\"https:\/\/t.co\/t3aSjXTgko\\\">https:\/\/t.co\/t3aSjXTgko<\/a><\/p>\n<p>\u2014 Richard W. Painter (@RWPUSA) <a href=\\\"https:\/\/twitter.com\/RWPUSA\/status\/1626380760868438019?ref_src=twsrc%5Etfw\\\">February 17, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>The founder of the <a href=\"https:\/\/u1f987.com\/en\/news\/how-the-collapse-of-ftx-and-alameda-research-will-affect-the-crypto-industry\">exchange that collapsed<\/a> was arrested on December 12, 2022, in the Bahamas at the request of the U.S. government. The U.S. prosecutors <a href=\"https:\/\/u1f987.com\/en\/news\/us-court-unveils-charges-against-sam-bankman-fried\">filed<\/a> eight counts against him. Former CEO of FTX <a href=\"https:\/\/u1f987.com\/en\/news\/sam-bankman-fried-refuses-to-plead-guilty-trial-set-for-october\">pleaded not guilty<\/a>.<\/p>\n<p>The court released him on a <a href=\"https:\/\/u1f987.com\/en\/news\/court-grants-250m-bail-for-sam-bankman-fried\">$250 million bail<\/a>. Guarantors were his parents and two other unnamed individuals. In January 2023, Judge Kaplan granted the media group&#8217;s <a href=\"https:\/\/u1f987.com\/en\/news\/court-approves-disclosure-of-anonymous-bail-guarantors-for-sam-bankman-fried\">latest disclosures<\/a> motion.<\/p>\n<p>Earlier in February, the bail obligations <a href=\"https:\/\/u1f987.com\/en\/news\/court-names-two-anonymous-guarantors-of-bankman-frieds-250-million-bond\">were signed by two Stanford University professors<\/a> \u2014 former dean of the law school Larry Kramer and senior research fellow Andreas Pepke.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A decision on bail in the case of the former head of FTX may be revisited, as there are &#8216;probable grounds&#8217; to suggest that Sam Bankman-Fried (SBF) sought to pressure witnesses. Judge Lewis Kaplan said this at a February 16 hearing, according to CNN.<\/p>\n","protected":false},"author":1,"featured_media":74244,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1162,1403],"class_list":["post-74243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-court-cases","tag-sam-bankman-fried"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=74243"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74243\/revisions"}],"predecessor-version":[{"id":74245,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74243\/revisions\/74245"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/74244"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=74243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=74243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=74243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}