Current:Home > NewsFTX founder Sam Bankman-Fried jailed by federal judge for alleged witness tampering -Pinnacle Profit Strategies
FTX founder Sam Bankman-Fried jailed by federal judge for alleged witness tampering
View
Date:2025-04-14 04:30:23
FTX founder Sam Bankman-Fried had his bail revoked and was ordered to be sent to jail Friday by a federal judge in New York after prosecutors alleged he was trying to influence witnesses in his fraud case. U.S. District Court Judge Lewis A. Kaplan said Bankman-Fried reached out to witnesses and ordered him remanded to a federal detention center.
Prosecutors said he'd tried to harass a key witness last month in his fraud case when he showed a journalist the private writings of his ex-girlfriend Caroline Ellison, who was the CEO of Alameda Research, a cryptocurrency hedge fund trading firm that was an offshoot of FTX, as well as in January when he reached out to the general counsel for FTX with encrypted communication, the Associated Press reported.
There were no bail conditions that would stop Bankman-Fried from tampering with witnesses, prosecutors said.
As of late Friday afternoon local time, Bankman-Fried was not yet currently in the custody of the Federal Bureau of Prisons, according to a prison spokesperson.
He was charged in March with directing $40 million in bribes to one or more Chinese officials to unfreeze assets relating to his cryptocurrency business. Bankman-Fried had been staying at his parents' house in California on a $250 million bond while awaiting trial for the collapse of his cryptocurrency firm, which prosecutors say cheated investors out of billions of dollars.
–Reporting contributed by Pat Milton.
- In:
- Cryptocurrency
- Crime
Cara Tabachnick is a news editor for CBSNews.com. Contact her at cara.tabachnick@cbsinteractive.com
veryGood! (667)
Related
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- 3 Alabama men die after becoming distressed while swimming at Florida beach
- Trump will address influential evangelicals who back him but want to see a national abortion ban
- Man trying to drown 2 children on Connecticut beach is stopped by officers, police say
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- Meet the millionaires next door. These Americans made millions out of nothing.
- Prosecutors in classified files case to urge judge to bar Trump from inflammatory comments about FBI
- Cheetah cub 'adopted' by mother at Cincinnati Zoo, increasing his chances at survival
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Horoscopes Today, June 23, 2024
Ranking
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Vice President Harris and first lady Jill Biden travel to battleground states to mark 2 years since Dobbs ruling
- Bob Good primary race still too close too call. Good signals he'll push for recount
- Kardashian Kids Including Dream Kardashian and True Thompson Celebrate With Parents at Dance Recital
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Travis Kelce watches Eras Tour in London with Tom Cruise, Hugh Grant, other A-Listers
- Man dies after being struck by roller coaster in restricted area of Ohio theme park
- Score Stylish $59 Crossbodies from Kate Spade Outlet, Plus More Savings up to 70% off & an Extra 25%
Recommendation
McConnell absent from Senate on Thursday as he recovers from fall in Capitol
Bob Good primary race still too close too call. Good signals he'll push for recount
Robert Pattinson Breaks Silence on Fatherhood 3 Months After Welcoming First Baby With Suki Waterhouse
Philadelphia police officer shot by fleeing suspect is in critical condition
Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
Red Lobster is open in 44 states – even in bankruptcy. See every location in your state
2 people were taken to a hospital after lightning struck a tree near a PGA Tour event in Connecticut
LGBTQ+ librarians grapple with attacks on books - and on themselves