Sam Bankman-Fried loses bid to get out of jail, appeals court will hear case

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Sam Bankman-Fried loses bid to get out of jail, appeals court will hear case
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In rejecting Bankman-Fried’s request, the 2nd US Circuit Court of Appeals in Manhattan nonetheless said it would ask the next available three-judge panel to consider it.

after finding that the former billionaire likely tampered with witnesses at least twice., arguing he would be unable to properly prepare for his scheduled Oct. 3 trial from behind bars.

Prosecutors say Bankman-Fried stole billions in FTX customer funds to plug losses at Alameda Research, his hedge fund. Sam Bankman-Fried lost his bid to be freed immediately from a Brooklyn jail so he could prepare better for his criminal trial next month., Alameda’s former chief executive and his onetime romantic partner, with a New York Times reporter.

Bankman-Fried has pleaded not guilty to fraud and conspiracy charges, and said he shared Ellison’s writings to defend his reputation, not to intimidate her.In court papers on Tuesday, Bankman-Fried’s lawyers said the arrangement to give him several hours a day to review evidence on a laptop at the Metropolitan Detention Center in Brooklyn has proven inadequate.

Bankman-Fried’s lawyers have not sought to delay the trial. Kaplan said last week that he would consider such a request.

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