Ex-FTX CEO Sam Bankman-Fried's Bid for Early Release Rejected by Appeals Court
Summary:
A three-judge panel from the Second Circuit of the United States Court of Appeals has rejected an appeal for early release by ex-FTX CEO, Sam Bankman-Fried. The argument was primarily based on First Amendment rights but was dismissed, with the judges ruling his speech amounted to witness tampering. The court also rejected a proposal for less strict conditions limiting the CEO's interactions with the press, deeming it an unsustainable long-term solution.
The trio of judges from the Second Circuit of the United States Court of Appeals has rejected a plea for an early release for Sam Bankman-Fried, the former FTX CEO, also known as SBF. According to the court's order dated September 21, the petition, made primarily basis on First Amendment rights, was declined by Circuit Judges John Walker Jr., Denny Chin, and William Nardini. They affirmed that Judge Lewis Kaplan, who's supervising SBF’s criminal proceedings, accurately identified Bankman-Fried’s utterances as an instance of witness manipulation. The order from September 21th states: "The record reflects that the district court fully considered all pertinent factors, inclusive of [Bankman-Fried’s] prolonged behavior that demanded continuous tightening of release conditions by the district court.” It further revealed that the court had considered a less severe alternative proposed by SBF, which was an order to limit his press interactions; however, it was reasonably concluded as an unsustainable long-term solution. This news is still unfolding, and more details will be shared as and when they emerge.
Published At
9/21/2023 8:23:59 PM
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