FTX CEO Bankman-Fried appeals imprisonment ahead of upcoming trial.
Sam Bankman-Fried Appeals Decision to Jail Him for Alleged Witness Tampering
NEW YORK—Sam Bankman-Fried has appealed a decision to jail him for bankman-fried-appeals-jailing-as-trial-nears/” title=”FTX CEO Bankman-Fried appeals imprisonment ahead of upcoming trial.”>alleged witness tampering ahead of his Oct. 3 trial over the collapse of his FTX cryptocurrency exchange.
In a filing late on Friday night with the 2nd U.S. Circuit Court of Appeals, Bankman-Fried’s lawyers said the 31-year-old former billionaire simply exercised his First Amendment rights by sharing writings by his former colleague and romantic partner Caroline Ellison with a New York Times reporter.
Ms. Ellison is one of three former members of Bankman-Fried’s inner circle expected to testify against him after pleading guilty to fraud. Bankman-Fried’s lawyers said he shared her writings to defend his reputation, not to intimidate her.
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“It is unclear how a cooperating witness who has promised to testify against a defendant could be meaningfully threatened by nothing but their own statements being published by a reputable newspaper,” Mr. Bankman-Fried’s lawyers wrote.
In her writings, which predated FTX’s November 2022 collapse, Ms. Ellison described feeling “unhappy and overwhelmed” with her job and “hurt/rejected” from her breakup with Mr. Bankman-Fried.
Prosecutors said Mr. Bankman-Fried released those writings to harass Ms. Ellison and to dissuade others from testifying if they thought he would make them look bad in the press.
U.S. District Judge Lewis Kaplan in Manhattan revoked Mr. Bankman-Fried’s bail on Aug. 11, finding probable cause to support a witness tampering charge.
Prosecutors have accused Mr. Bankman-Fried of stealing billions of dollars in FTX customer funds to plug losses at Alameda Research, a crypto-focused hedge fund he also owned and where Ms. Ellison was chief executive.
He has pleaded not guilty.
In their appeal, Mr. Bankman-Fried’s lawyers also said their client’s lack of computer access at Brooklyn’s Metropolitan Detention Center has prevented him from being able to analyze the government’s evidence and prepare properly for trial.
Though Mr. Bankman-Fried has been allowed to meet with his lawyers twice a week, for six hours at a time, at the Manhattan federal courthouse, his lawyers have said he needs more time, and asked that either he be released temporarily or that they be permitted to meet five days a week.
The defense has also said the Brooklyn jail has failed to provide Mr. Bankman-Fried with Adderall for his medical needs.
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