Current:Home > FinanceFTX founder Sam Bankman-Fried jailed by federal judge for alleged witness tampering -AssetTrainer
FTX founder Sam Bankman-Fried jailed by federal judge for alleged witness tampering
View
Date:2025-04-19 03:48:04
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! (993)
Related
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- 17 students overcome by 'banned substance' at Los Angeles middle school
- Jane Fonda 'deeply honored' to receive Life Achievement Award at 2025 SAG Awards
- 'Lifesaver': How iPhone's satellite mode helped during Hurricane Helene
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Appalachian Hydrogen Hub Plan Struggles Amid Economic Worries, Study Says
- Powerball winning numbers for October 16 drawing: Did anyone win $408 million jackpot?
- Woman dies 2 days after co-worker shot her at Santa Monica College, police say
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Cleveland Guardians look cooked in ALCS. Can they fight back vs. Yankees?
Ranking
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Liam Payne's Girlfriend Kate Cassidy Shares Glimpse into Singer's Final Weeks Before His Death
- We Are Ranking All of Zac Efron's Movies—You Can Bet On Having Feelings About It
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Double Negative
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- White powdery substance found outside Colorado family's home 'exploded'; FBI responds
- Former United Way worker convicted of taking $6.7M from nonprofit through secret company
- Cleveland mayor says Browns owners have decided to move team from lakefront home
Recommendation
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
How Liam Payne Reacted to Girlfriend Kate Cassidy Leaving Argentina Early
US presidential election looms over IMF and World Bank annual meetings
Liam Payne's Heartfelt Letter to His 10-Year-Old Self Resurfaces After His Death
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
Officials searching for man after puppies left abandoned in milk crate outside PA police station
Video of Phoenix police pummeling a deaf Black man with cerebral palsy sparks outcry
Video of Phoenix police pummeling a deaf Black man with cerebral palsy sparks outcry