Current:Home > FinanceFTX founder Sam Bankman-Fried jailed by federal judge for alleged witness tampering -Legacy Profit Partners
FTX founder Sam Bankman-Fried jailed by federal judge for alleged witness tampering
View
Date:2025-04-19 00:09:24
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! (6871)
Related
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Minnesota teen gets 4 years as accomplice in fatal robbery that led to police shooting of Amir Locke
- The White House expects about 40,000 participants at its ‘egg-ucation'-themed annual Easter egg roll
- Kenan Thompson calls for 'accountability' after 'Quiet on Set' doc: 'Investigate more'
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- TikTok artist replicates 21 Eras Tour stadiums where Taylor Swift has performed
- California law enforcement agencies have hindered transparency efforts in use-of-force cases
- Dashcam video shows deadly Texas school bus crash after cement truck veers into oncoming lane
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Twenty One Pilots announces 'Clancy' concert tour, drops new single
Ranking
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Biden administration unveils new rules for federal government's use of artificial intelligence
- Tax return extensions: Why you should (or shouldn't) do it and how to request one
- With hot meals and donations, Baltimore residents 'stand ready to help' after bridge collapse
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- I Tried 83 Beauty Products This Month. These 15 Are Worth Your Money: Milk Makeup, Glossier, and More
- All of Beyoncé's No. 1 songs ranked, including 'Texas Hold ‘Em' and 'Single Ladies'
- A mail carrier was among 4 people killed in northern Illinois stabbings
Recommendation
Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
March Madness Elite 8 schedule, times, TV info for 2024 NCAA Tournament
Iowa's Patrick McCaffery, son of Hawkeyes coach Fran McCaffery, enters transfer portal
What to know about Purdue center Zach Edey: Height, weight, more
Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
Green Day will headline United Nations-backed global climate concert in San Francisco
US economic growth for last quarter is revised up slightly to a healthy 3.4% annual rate
As Kansas nears gender care ban, students push university to advocate for trans youth