Current:Home > FinanceFTX founder Sam Bankman-Fried jailed by federal judge for alleged witness tampering -Thrive Money Mindset
FTX founder Sam Bankman-Fried jailed by federal judge for alleged witness tampering
View
Date:2025-04-16 12:24:07
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! (3)
Related
- Why members of two of EPA's influential science advisory committees were let go
- Timothée Chalamet and Gwyneth Paltrow Share Steamy Kiss While Filming in NYC
- A full-scale replica of Anne Frank’s hidden annex is heading to New York for an exhibition
- Why Diddy is facing 'apocalyptic' legal challenges amid 6 new sexual assault civil suits
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Tennessee Titans expected to release veteran Jamal Adams, per report
- See Cher, Olivia Culpo and More Stars Attending the Victoria's Secret Fashion Show 2024
- Protesters demand Kellogg remove artificial colors from Froot Loops and other cereals
- Trump wants to turn the clock on daylight saving time
- Supreme Court deciding if trucker can use racketeering law to sue CBD company after failed drug test
Ranking
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Lawyers told to apologize for blasting recorded screams in a Philly neighborhood
- Unbearable no more: Washington's pandas are back! 5 fun and furry facts to know
- Why Kristin Cavallari Thinks Celebs Like Kanye West and Britney Spears Have Been Cloned
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Lonzo Ball makes triumphant return for first NBA game since Jan. 2022
- Stellantis recalls over 21,000 Dodge Hornet, Alfa Romeo Tonale vehicles for brake pedal failure
- Hundreds of troops kicked out under ‘don’t ask, don’t tell’ get upgraded to honorable discharges
Recommendation
Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
Two SSI checks are coming in November, but none in December. You can blame the calendar.
Supreme Court deciding if trucker can use racketeering law to sue CBD company after failed drug test
Al Pacino texts 1-year-old son from 'time to time,' says it's 'fun' being a dad at 84
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
Mortgage company will pay over $8M to resolve lending discrimination allegations
Lawyers for Sean ‘Diddy’ Combs ask judge to release identities of his accusers
‘Anora’ might be the movie of the year. Sean Baker hopes it changes some things