{"id":45993,"date":"2023-03-11T07:41:48","date_gmt":"2023-03-11T07:41:48","guid":{"rendered":"http:\/\/egrowonline.com\/?p=45993"},"modified":"2023-03-11T07:41:48","modified_gmt":"2023-03-11T07:41:48","slug":"sam-bankman-frieds-bail-conditions-still-too-lenient-says-judge","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=45993","title":{"rendered":"Sam Bankman-Fried\u2019s bail conditions still too lenient, says judge"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDMvZmFlOGNkNjYtOGQzMi00YmVmLTg5MDgtNTQ2MGVhNTU3NjYxLmpwZw==.jpg\" \/><\/p>\n<div data-v-48054ca8=\"\">\n<p>On March 10, Reuters <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/legal\/judge-weigh-bankman-frieds-trial-schedule-bail-conditions-hearing-2023-03-10\/\" rel=\"noopener nofollow\">reported<\/a> that U.S. District Judge Lewis Kaplan had expressed concerns over the proposed bail conditions for former FTX founder Sam Bankman-Fried.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Judge still thinks proposed Bankman-Fried bail conditions too lenient <a target=\"_blank\" href=\"https:\/\/t.co\/qsfFqJ8Nlt\" rel=\"noopener\">https:\/\/t.co\/qsfFqJ8Nlt<\/a> <a target=\"_blank\" href=\"https:\/\/t.co\/tLhMKMrRax\" rel=\"noopener\">pic.twitter.com\/tLhMKMrRax<\/a><\/p>\n<p>\u2014 Reuters (@Reuters) <a target=\"_blank\" href=\"https:\/\/twitter.com\/Reuters\/status\/1634283253342392335?ref_src=twsrc%5Etfw\" rel=\"noopener\">March 10, 2023<\/a><\/p><\/blockquote>\n<p>As previously reported by Cointelegraph on March 4, Kaplan \u2014 serving on the United States District Court for the Southern District of New York \u2014 proposed that <a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/u-s-attorney-seeks-to-narrow-sam-bankman-fried-s-bail-terms-use-only-flip-phones\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/u-s-attorney-seeks-to-narrow-sam-bankman-fried-s-bail-terms-use-only-flip-phones\/amp\" rel=\"noopener\">Bankman-Fried be prohibited<\/a> from using smartphones, tablets, computers and any video game platforms or devices that allow chat and voice communication. The proposal said that Bankman-Fried\u2019s communication should be limited to \u201ca flip phone or other non-smartphone with either no internet capabilities or internet capabilities disabled.\u201d<\/p>\n<p>However, Reuters reported that at a March 10 hearing, Kaplan expressed concern over the proposal, suggesting that Bankman-Fried was \u201cinventive\u201d and could find ways to evade the restrictions and covertly communicate with others electronically.<\/p>\n<p>Kaplan reportedly shared:<\/p>\n<blockquote><p>\u201cHe could find a way around it and conceivably not get caught.\u201d<\/p><\/blockquote>\n<p>Christian Everdell, Bankman-Fried\u2019s lawyer, assured the court that he would work with prosecutors on a new proposal to address the judge\u2019s concerns.\u00a0<\/p>\n<p><strong><em>Related:\u00a0<\/em><\/strong><a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/sam-bankman-fried-s-lawyers-request-extension-for-bail-condition-proposal\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/sam-bankman-fried-s-lawyers-request-extension-for-bail-condition-proposal\/amp\" rel=\"noopener\"><strong><em>Sam Bankman-Fried\u2019s lawyers request extension for bail condition proposal<\/em><\/strong><\/a><\/p>\n<p>Bankman-Fried is currently fighting to avoid jail until <a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/sbf-s-lawyers-signal-need-to-push-back-october-criminal-trial\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/sbf-s-lawyers-signal-need-to-push-back-october-criminal-trial\/amp\" rel=\"noopener\">his scheduled fraud trial on Oct. 2<\/a>.\u00a0Prosecutors have charged him with stealing billions of dollars in FTX customer funds, making tens of millions of dollars in illegal political donations, and tampering with witnesses.<\/p>\n<p>Bankman-Fried\u2019s $250 million bail has been the subject of scrutiny since Feb. 9, following revelations that he had <a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/judge-extends-sam-bankman-fried-s-bail-restrictions-on-messaging-apps-report\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/judge-extends-sam-bankman-fried-s-bail-restrictions-on-messaging-apps-report\/amp\" rel=\"noopener\">attempted to contact possible witnesses<\/a> in his case. Additionally, he was temporarily <a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/sam-bankman-fried-s-use-of-a-vpn-on-super-bowl-sunday-raised-concerns-say-prosecutors\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/sam-bankman-fried-s-use-of-a-vpn-on-super-bowl-sunday-raised-concerns-say-prosecutors\/amp\" rel=\"noopener\">prohibited from using a VPN<\/a> after prosecutors alleged that he had utilized it twice, on Jan. 29 and Feb. 12.<\/p>\n<p>Three of Bankman-Fried\u2019s former closest associates \u2014 including former Alameda CEO <a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/alameda-s-caroline-ellison-escapes-potentially-110-years-in-jail-via-plea-deal\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/alameda-s-caroline-ellison-escapes-potentially-110-years-in-jail-via-plea-deal\/amp\" rel=\"noopener\">Caroline Ellison<\/a>, former FTX technology chief <a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/caroline-ellison-gary-wang-plead-guilty-to-fraud-charges\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/caroline-ellison-gary-wang-plead-guilty-to-fraud-charges\/amp\" rel=\"noopener\">Gary Wang<\/a>\u00a0and former FTX engineering chief <a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/former-ftx-director-to-reportedly-plead-guilty-to-fraud-charges\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/former-ftx-director-to-reportedly-plead-guilty-to-fraud-charges\/amp\" rel=\"noopener\">Nishad Singh<\/a>\u00a0\u2014\u00a0have entered guilty pleas and are providing assistance to prosecutors.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/sam-bankman-fried-s-bail-conditions-still-too-lenient-says-judge\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On March 10, Reuters reported that U.S. District Judge Lewis Kaplan had expressed concerns over the proposed bail conditions for former FTX founder Sam Bankman-Fried.\u00a0 Judge still thinks proposed Bankman-Fried bail conditions too lenient https:\/\/t.co\/qsfFqJ8Nlt pic.twitter.com\/tLhMKMrRax \u2014 Reuters (@Reuters) March 10, 2023 As previously reported by Cointelegraph on March 4, Kaplan \u2014 serving on the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":45994,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[38],"tags":[8046,9580,5540,7068,14448,3166],"class_list":["post-45993","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bail","tag-bankmanfrieds","tag-conditions","tag-judge","tag-lenient","tag-sam"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2023\/03\/fae8cd66-8d32-4bef-8908-5460ea557661.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/45993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45993"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/45993\/revisions"}],"predecessor-version":[{"id":45995,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/45993\/revisions\/45995"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/45994"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45993"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}