Jail Financial News

Bill introduced in the Lok Sabha, on Friday, has proposed that spreading 'fake news or misleading information' would be punishable with upto three years of jail time. The Bharatiya Nyaya Sanhita Bill, 2023, introduced by Home Minister Amit Shah has been referred to the Standing Committee for review.

South Korean prosecutors say they hope to jail executives thought to be behind a $651 million crypto scam to prison for up to 15 years.

Former FTX CEO Sam Bankman-Fried had his bail revoked and was sent to jail Friday ahead of his October criminal trial for alleged witness tampering.

Judge Lewis Kaplan has granted a request by federal prosecutors to revoke Bankman-Fried's bail and he will be remanded to custody ahead of his trial, which is slated to begin on 2 October.The judge concluded that there was probable cause to believe that Bankman-Fried has tried to “tamper with witnesses at least twice” since his arrest in December in connection with the collapse of FTX, the cryptocurrency exchange he founded.Prosecutors asked the judge to revoke bail after Bankman-Fried shared private diary entries of his ex-girlfriend, Caroline Ellison, to the New York Times. Ellison, the former chief executive of Bankman-Fried's crypto hedge fund Alameda Research, pleaded guilty to federal charges in December and is cooperating with the prosecution and is expected to testify against her former boyfriend.

cryptocurrency exchange tampered with witnesses at least twice. USA District Judge Lewis Kaplan announced the decision at a hearing in federal court in Manhattan, less than two months before the scheduled October fraud trial. He rejected a defense request to delay Bankman-Fried's detention pending appeal of the bail revocation. The decision could complicate Bankman-Fried's efforts to prepare for trial, where the 31-year-old former billionaire faces charges of having stolen billions of dollars in FTX customer funds to plug losses at his Alameda Research hedge fund. Bankman-Fried has pleaded not guilty.

By Luc Cohen

Bharatiya Nyaya Sanhita (BNS) Bill, 2023; Bharatiya Nagarik Suraksha Sanhita (BNSS) Bill, 2023; and Bharatiya Sakshya (BS) Bill, 2023 that will replace the Indian Penal Code, 1860, Criminal Procedure Act, 1898, and the Indian Evidence Act, 1872 respectively. The home minister said the BNS Bill has provisions that seek to repeal sedition, and award maximum capital punishment for crimes such as mob lynching and rape of minors.

rapper Tory Lanez get a sentence of 13 years in prison for shooting fellow singer Megan Thee Stallion? Or will he be simply sent to probation and a residential drug treatment program for the crime he committed in 2020? Musician Daystar Peterson aka Tory Lanez was found guilty of three felony charges. He has been indicted for shooting at Megan Pete, who is better known as Megan Thee Stallion. He was also accused of maligning the credibility of the singer through his hip-hop blogs and music.

Tou Thao, from Minneapolis has been sentenced to 57 months in prison for his involvement in George Floyd's death. Thao was found guilty of aiding and abetting manslaughter in May by a Minnesota judge. He stated that he acted as a «human traffic cone,» holding back bystanders while Derek Chauvin knelt on Floyd's neck for about 10 minutes. George Floyd's death in May 2020 led to widespread protests across the US. All four ex-police officers connected to the incident were convicted of federal civil rights charges, along with state murder charges for Chauvin. Ex-officers, Thomas Lane and J Alexander Kueng, admitted guilt for aiding and abetting second-degree manslaughter in the case. Thao, who received a three-and-a-half-year sentence for his civil rights conviction, will serve the 57 months concurrently. He opted for a judge trial in the manslaughter case, waiving his right to a jury trial. He also chose not to testify or question witnesses. Judge Peter Cahill, in a 177-page decision, stated that Thao's actions, including shielding Chauvin and the other officers from the crowd, prevented a trained medic from aiding Floyd. «Proof beyond a reasonable doubt» shows that Thao's actions were «objectively unreasonable» from the perspective of a reasonable police officer, considering all circumstances, the judge said. Judge Cahill additionally noted that Thao's actions were more unreasonable as he was obligated to intervene to stop excessive force by other officers and was trained to provide medical assistance.

Khan's party on Monday petitioned the Islamabad High Court to shift the jailed former prime minister from the Attock jail in Punjab province to Rawalpindi's high-security Adiala prison, keeping in view his affluent family background, social and political status. In a petition, the lawyer of the Pakistan Tehreek-e-Insaf (PTI) party requested the Islamabad High Court to transfer the deposed premier where A-class facilities are available, adding that his family, lawyers and his physician Dr Faisal Sultan should be allowed to meet him.

premier. "Judge Humayun Dilawar announced that involvement in corrupt practices has been proven," reported AFP quoting Pakistan TV. (This is a developing story, refresh for more updates)

Vernon Gonsalves and Arun Ferreira, accused in the Elgar Parishad-Maoist links case, are likely to walk out of jail on Saturday as a special court here has issued their release order, a week after they were granted bail by the Supreme Court. A lawyer linked to the case said the special court hearing cases related to the National Investigation Agency (NIA) issued their release order on Friday and the accused are likely to walk out of the jail by this evening as their bail formalities before the court have been completed. The accused are currently lodged in Taloja jail in neighbouring Navi Mumbai.

Prominent Russian opposition leader Alexei Navalny was sentenced to 19 years in prison on Friday. The move came amid a historic crackdown on dissenting voices as Moscow's assault on Ukraine stretches into its second year. The trial was held behind closed doors at the IK-6 penal colony - a maximum-security prison some 250 kilometers east of Moscow where Navalny is jailed.

Lawyers for FTX founder Sam Bankman-Fried say prosecutors are wrong to seek his detention prior to trial because their arguments are based on “innuendo, speculation, and scant facts.”

Lawyers for FTX founder Sam Bankman-Fried say prosecutors are wrong to seek his detention prior to trial because their arguments are based on “innuendo, speculation, and scant facts.”

FTX founder Sam Bankman-Fried said Tuesday that prosecutors are wrong to seek his detention prior to trial because their arguments are built on «innuendo, speculation, and scant facts.» The written submission in Manhattan federal court was a response to the prosecution's claim last week that no bail conditions can stop the onetime cryptocurrency power broker from trying to improperly influence the potential jury pool for his October 2 trial. Bankman-Fried, 31, has been free on a $250 million personal recognizance bond since his December extradition from the Bahamas to face charges in New York that he defrauded investors in his businesses by diverting millions of dollars from their intended purpose.

Lawyers for Sam Bankman-Fried have denied that he attempted to intimidate witnesses in his criminal trial by talking to New York Times reporters and argued there is no reason to jail him.

Delhi High Court has granted bail to a foreign national found in possession of 50 cocaine capsules, which he had swallowed and concealed in his stomach, noting he has been in custody for the past more than six years. The high court noted the trial in the drugs case is yet to be concluded and asked the lower court to expeditiously record the evidence of the remaining witnesses and conclude the trial within six months.

bill mandating a maximum jail term of three years and a fine of up to five per cent of the production cost of the film for persons involved in film piracy and circulation of such content. The Cinematograph (Amendment) Bill 2023, which was passed by Rajya Sabha on Thursday last week, was approved by the Lok Sabha after a brief debate amid protests by the opposition demanding a statement by Prime Minister Narendra Modi in Parliament on the ethnic violence in Manipur. «We will stop film piracy through this Bill.

The Department of Justice (DOJ) has requested a US Judge to revoke FTX founder Sam Bankman-Fried's bond and jail him before his scheduled trial in October. 

Sam Bankman-Fried, the founder of now-defunct cryptocurrency exchange FTX, is facing tightened bail conditions and the possibility of jail time as he awaits trial over the collapse of his exchange.