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| Clockwise: SBF, Ellison, Rock n' Roll Mommy and Daddy |
What better name than Bankman for a crypto scammer and Fried for him getting caught and possibly fried with jail time. The indicted FTX founder Sam Bankman-Fried was cuffed and hauled off to the slammer Friday following a federal judge revoking is bail for leaking his former girlfriend's love letters.
US District Judge Lewis Kaplan agreed with federal prosecutors who argued that SBF, as he is known to his fans, has jeopardized his scheduled trial by leaking the personal writings of his former lover and business associate Caroline Ellison to a reporter at the former newspaper known as The New York Times.
The judge determined that there was probable cause to believe that SBF, a human weasel, attempted to “tamper with witnesses at least twice” since his December arrest for fraud.
Bankman-Fried’s shyster lawyer Mark Cohen said his pricey team would appeal the incarceration order. Kaplan rejected the defense’s request for an immediate stay pending the outcome of the appeal.
The defense team accused prosecutors of pushing for Bankman-Fried’s jailing based on “innuendo, speculation, and scant facts.”
SBF, 31, has been under house arrest at his mommy and daddy's house in Palo Alto, California. He is under a $250,000,000 bond but now he's in jail until October 2nd when the trial is to begin. He will be held in the New York area but it's unknown as to which facility he must park his sorry butt.
The fraudster has pleaded not guilty having allegedly misused billions in FTX customer money to pay for his lavish lifestyle and super-hot former girlfriend and Olive Oyl Look-alike Contest winner Caroline Ellison along with his risky bets at Alameda Research, a sister company to FTX, shortly before his cryptocurrency empire came tumbling down.
The former FTX CEO SBF's bail was revoked during the hearing at Manhattan Federal Court on August 11th.
The feds previously said that the disgraced wonderboy had “crossed a line” by harassing Miss Ellison, the former CEO of Bankman-Fried’s doomed cryptocurrency hedge fund Alameda Research.
Ellison has already pleaded guilty to breaking hearts and fraud and is expected to be a key witness as SBF faces trial for allegedly FTX bilking customers out of billions.
Cohen had said his team had been blindsided by the prosecutors’ motion and argued that Bankman-Fried’s bail terms permitted him to speak with the media, even about private things that should stay private.
Cohen reminded the court that Bankman-Fried’s bail terms allowed him to speak with reporters, and to stop that would be infringing on his right to speak to the press, even when the things he would speak about would put him in a scummy light.
Cohen reminded the court that Bankman-Fried’s bail terms allowed him to speak with reporters, and to stop that would be infringing on his right to speak to the press, even when the things he would speak about would put him in a scummy light.
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