Former FTX CEO Denied Temporary Release Ahead of Trial Due to Lack of Internet Access in Prison
Summary:
Former FTX CEO, Sam Bankman-Fried, will remain in jail until his Oct. 3 trial after his request for temporary release was denied by a U.S. District Court judge. The judge dismissed Bankman-Fried's argument of lacking internet access in prison as insufficient grounds for release. Bankman-Fried's lawyers previously complained about poor internet connection. The trial date could have been postponed, but no request was made.
Sam Bankman-Fried, the former CEO of FTX, is expected to remain in custody until his trial begins on October 3. His request for temporary release was denied by a United States District Court judge, Lewis A. Kaplan. Judge Kaplan stated that Bankman-Fried's lack of internet access in prison, which hindered his trial preparation, was not a valid reason for granting temporary release. Bankman-Fried's lawyers had previously expressed concerns about poor internet connection, with the homepage taking up to 10 minutes to load. Despite the opportunity to request a postponement for the trial, Bankman-Fried and his lawyers did not make any such request. This is an ongoing story and will be updated with further information.
Published At
9/12/2023 9:34:45 PM
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