Sam Bankman-Fried, the FTX founder who is scheduled to face a criminal trial in October, has been blocked by a judge from reaching out by himself to current and former staff.
Mintz & Gold partner Ira Sorkin discusses whether accused fraudster Sam Bankman-Fried's 'loose lips' will hurt his criminal case on 'The Claman Countdown.'has been temporarily barred from contacting current and former employees of the failed cryptocurrency exchange by himself, a U.S. judge ruled Wednesday, over concerns from federal prosecutors that the 30-year-old might try to influence witnesses.
The ruling from U.S. District Judge Lewis Kaplan in New York also prohibits Bankman-Fried from reaching out to staff at the Alameda Research hedge fund, unless attorneys are present, Reuters reported. Additionally, he is no longer allowed to use the encrypted messaging platform Signal. to buy property, donate to politicians and finance risky trades at Alameda Research, his cryptocurrency hedge fund trading firm.
Bankman-Fried faces an upcoming trial on eight charges including wire fraud on customers, plus a related conspiracy charge; wire fraud on lenders, plus a conspiracy charge; in addition to conspiracies to commit commodities fraud, securities fraud, money laundering and violate campaign finance laws. He has pleaded not guilty to all charges, and his trial is tentatively scheduled to begin in October.
with Kaplan late Friday after they discovered a message from Bankman-Fried to the general counsel of FTX on the Signal messaging app, according to their letter to the judge. On Jan. 15, Bankman-Fried said in a message, "I would really love to reconnect and see if there's a way for us to have a constructive relationship, use each other as resources when possible, or at least vet things with each other."
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