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Zenger
Zenger
Business
Murtuza Merchant

The DoJ’s Case Against Sam Bankman-Fried: Is It Enough To Repeal His Bail?

The U.S. Department of Justice (DoJ) has intensified its efforts to secure FTX (CRYPTO: FTT) founder Sam Bankman-Fried's detention pending trial. PHOTO BY PIERRE BORTHIRY/UNSPLASH

The U.S. Department of Justice (DoJ) has intensified its efforts to secure FTX (CRYPTO: FTT) founder Sam Bankman-Fried’s detention pending trial.

The DoJ has submitted a letter to Judge Lewis A. Kaplan of the District Court for the Southern District of New York, arguing for the revocation of Bankman-Fried’s bail.

The letter responds to Bankman-Fried’s accusations of the government’s reliance on unsupported inferences and assumptions and outlines the DoJ’s case for Bankman-Fried’s alleged attempts to manipulate public perception and influence the trial’s outcome.

The DoJ maintains that Bankman-Fried shared private writings of Caroline Ellison, a key witness in the case, with the New York Times to influence public perception of her and, by extension, himself.

The U.S. Department of Justice (DoJ) has intensified its efforts to secure FTX (CRYPTO: FTT) founder Sam Bankman-Fried’s detention pending trial. PHOTO BY PIERRE BORTHIRY/UNSPLASH

The letter further states that Bankman-Fried’s actions were not merely an exercise of his constitutional right to speak to the press.

Instead, it alleges that he took covert steps to discredit a trial witness and taint the jury pool.

The DoJ argues that these actions are consistent with Bankman-Fried’s escalating evasions of his bail conditions, warranting the revocation of his bail.

The DoJ also addresses the defense’s claims about Bankman-Fried’s use of the encrypted messaging application, Signal, to contact a witness, destroy communications and obstruct a potential government investigation.

The U.S. Department of Justice (DoJ) has intensified its efforts to secure FTX (CRYPTO: FTT) founder Sam Bankman-Fried’s detention pending trial. PHOTO BY PIERRE BORTHIRY/UNSPLASH

The letter further discusses the defendant’s behavior, including his alleged attempts to discredit Ellison.

Bankman-Fried’s actions were designed to intimidate, harass, and embarrass Ellison; provoke an emotional response in potential jurors; and “pervert the course of justice” by allegedly tampering with and harassing a witness, and by tainting the jury pool, the DOJ alleges.

 

Produced in association with Benzinga

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