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News Feed - 2023-08-22 06:08:00

Turner Wright2 hours agoSam Bankman-Fried will get one day in court to meet with lawyersAccording to a judge"s order, SBF will be allowed access to one laptop and "WiFi device” for roughly 6.5 hours while meeting with counsel in a courthouse cell block attorney room.391 Total views3 Total sharesListen to article 0:00NewsJoin us on social networksA federal judge overseeing former FTX CEO Sam Bankman-Fried’s criminal case has issued an order allowing Sam Bankman-Fried to meet with his legal team outside of jail for roughly seven hours.


In an Aug. 21 filing in United States District Court for the Southern District of New York, Judge Lewis Kaplan ruled that Sam Bankman-Fried, who also goes by SBF, will be allowed to meet with his counsel in the cell block attorney room at the courthouse on Aug. 22 around one of his scheduled hearings. Kaplan ordered SBF’s bail revoked on Aug. 11, sending the former FTX CEO to the Metropolitan Detention Center in Brooklyn likely until the conclusion of his criminal trials.


According to the order, SBF will be allowed access to “one Internet-enabled laptop and one WiFi device” from roughly 8:30 AM EST until 3:00 PM while meeting with counsel. His lawyers had petitioned the court to release SBF for five days every week through his trials in order for him to prepare for the case. However, Kaplan’s order suggested only a one-time release within the confines of the courthouse on Aug. 22, with another decision likely pending based on a response from the Department of Justice.


Related: Sam Bankman-Fried spends 3rd night in notorious New York jail


Bankman-Fried’s first of two trials is scheduled to begin on Oct. 2, when he will face seven charges related to fraud at FTX. The latest superseding indictment filed by prosecutors on Aug. 14 said they will consider SBF’s alleged violations campaign finance scheme as part of a wire fraud charge. He will face five other charges at his other trial scheduled for March 2024.


Before his $250-million bail was revoked, Bankman-Fried was largely confined to his parents’ home in California. He has pleaded not guilty to all charges.


Magazine:Can you trust crypto exchanges after the collapse of FTX?# Law# Court# Sam Bankman-Fried# FTX# RegulationAdd reactionAdd reactionRead moreHow to earn passive income with peer-to-peer lendingFrom the U.S. to Japan, regulators are beginning to embrace crypto2024 could be very bullish for crypto — Here’s why

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