Current:Home > ContactFTX founder Sam Bankman-Fried jailed by federal judge for alleged witness tampering -ProfitMasters Hub
FTX founder Sam Bankman-Fried jailed by federal judge for alleged witness tampering
View
Date:2025-04-24 12:30:35
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! (118)
Related
- The Daily Money: Spending more on holiday travel?
- Florida’s Red Tides Are Getting Worse and May Be Hard to Control Because of Climate Change
- How Barnes & Noble turned a page, expanding for the first time in years
- A Deep Dive Gone Wrong: Inside the Titanic Submersible Voyage That Ended With 5 Dead
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Does Nature Have Rights? A Burgeoning Legal Movement Says Rivers, Forests and Wildlife Have Standing, Too
- How Taylor Swift's Cruel Summer Became the Song of the Season 4 Years After Its Release
- 5 DeSantis allies now control Disney World's special district. Here's what's next
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Inside Clean Energy: The Energy Transition Comes to Nebraska
Ranking
- 2 killed, 3 injured in shooting at makeshift club in Houston
- Pollinator-Friendly Solar Could be a Win-Win for Climate and Landowners, but Greenwashing is a Worry
- Disgraced FTX founder Sam Bankman-Fried has another big problem: He won't shut up
- Tickets to see Lionel Messi's MLS debut going for as much as $56,000
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Over $30M worth of Funkos are being dumped
- Tomato shortages hit British stores. Is Brexit to blame?
- First lawsuit filed against Pat Fitzgerald, Northwestern leaders amid hazing scandal
Recommendation
US wholesale inflation accelerated in November in sign that some price pressures remain elevated
Nissan recalls over 800K SUVs because a key defect can cut off the engine
Distributor, newspapers drop 'Dilbert' comic strip after creator's racist rant
At Haunted Mansion premiere, Disney characters replace stars amid actors strike
The Super Bowl could end in a 'three
Requiem for a Pipeline: Keystone XL Transformed the Environmental Movement and Shifted the Debate over Energy and Climate
Biden and the EU's von der Leyen meet to ease tensions over trade, subsidy concerns
Colorado’s Suburban Firestorm Shows the Threat of Climate-Driven Wildfires is Moving Into Unusual Seasons and Landscapes