Sam Bankman-Fried heads to jail after a judge sided with a request by federal prosecutors to revoke the FTX founder's bail over alleged witness tampering.
Bankman-Fried's court appearance on Friday is the latest in a series of pre-trial hearings related to the ex-billionaire's continued dealings with the press – exchanges which the Justice Department characterizes as a "pattern of witness tampering and evading his bail conditions."
Members of the press, including counsel for The New York Times and the Reporters Committee for Freedom of the Press, had filed letters objecting to Bankman-Fried's detention, citing free speech concerns. Defense attorneys had similarly argued that Bankman-Fried was asserting his first amendment right and did not violate any terms of his bail conditions by speaking with journalists.
"Faced with a series of conditions meant to limit the defendant's use of the internet and the phone, the defendant pivoted to in-person machinations," the prosecution said of Bankman-Fried, whose revised bail conditions include restricted internet access and a ban from smartphone use. The prosecution described the effort by Bankman-Fried – who faces several wire and securities fraud charges related to the alleged multibillion-dollar FTX fraud – as an attempt to discredit Ellison, characterizing it as a "means of indirect witness intimidation through the press."
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