Sam Bankman-Fried to argue for release from New York jail two weeks before trial
economictimes.indiatimes.comSam Bankman-Fried on Tuesday are set to urge a US appeals court to free him from a Brooklyn jail as the former cryptocurrency billionaire races to prepare for his Oct. 3 trial on federal fraud changes.
Bankman-Fried's lawyers and the Manhattan US Attorney's office each will be given five minutes to argue to a three-judge panel of the 2nd US Circuit Court of Appeals about whether the 31-year-old FTX cryptocurrency exchange founder should stay behind bars.
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Ellison has pleaded guilty to fraud and is expected to testify against Bankman-Fried, a former romantic partner.
Bankman-Fried faces seven charges of fraud and conspiracy stemming from the November 2022 collapse of his now-bankrupt company. Prosecutors accused him of looting billions of dollars in FTX customer funds to plug losses at Alameda, buy luxury real estate and donate to US political campaigns. He has pleaded not guilty, while acknowledging risk management failures.
In his appeal of Kaplan's decision to keep him locked up, Bankman-Fried said jailing him violated his rights
